The latest on the coronavirus: Trudeau to highlight interest-free loans to help small business weather pandemic

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Plus: Ottawa says 5 million are receiving Canada Emergency Response Benefit

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.

The government has recalled Parliament for Saturday to vote on legislation required to implement the program, under which companies will be able to get a 75-per-cent subsidy on each employee’s wages. For Saturday’s sitting, just 32 MPs — primarily within driving distance of the capital and in proportion to each party’s share of the seats — are to be in the chamber.To help curb the spread of COVID-19 and consistent with public health advice that all Canadians should stay home as much as possible, Parliament has been adjourned since March 13.

So far this week, 3.08 million people have filed claims for the benefit, including just over 615,000 claims alone on Thursday. Another seven per cent of participants said they would use an app for prayer or meditation, and two per cent said they would talk to a religious leader on the phone. Olijah Springer, a nursing assistant and technician at the Montreal General Hospital, voiced his displeasure on Facebook last week after he was told he couldn’t shop at a Pharmaprix in the Montreal borough of LaSalle.

As for the businesses that refuse to let certain health workers into the stores, Bolduc said it’s the pharmacy owner’s decision to make.

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Healthcare facilities can start testing employees and patients as soon as possible. The sooner we have this information the sooner we can more effectively target isolation strategies to further reduce the spread of C19.

Another loan, that’s what they need. How about government cut the BS spending on their end and give businesses their tax money back

Some of my favourite small businesses don't qualify for this. 'Qualifying companies must be able to demonstrate that they paid between $50,000 and $1-million in total payroll last year.' What happens to them?

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Trudeau to highlight interest-free loans to help small business weather pandemicWhile 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.
Source: CTVNews - 🏆 1. / 99 Read more »