Trudeau to highlight interest-free loans to help small business weather pandemic

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 99%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

While Canadian businesses wait for Parliament to approve a $73-billion wage subsidy program, Prime Minister Justin Trudeau is expected to highlight today another measure that will tide some companies over in the meantime.

At his daily briefing on the deadly COVID-19 pandemic, Trudeau is expected to draw attention to the Canada Emergency Business Account.

The loans are intended to give small businesses some operational cash to keep afloat until other measures kick in, particularly the massive wage subsidy program. But although there's broad agreement on the bill itself among all parties, negotiations bogged down over the Conservatives' insistence that there must be regular, in-person sittings of the House of Commons in order to hold the government to account throughout the health crisis.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines