Prime Minister Justin Trudeau has announced that 75% of workers wages will be covered to help qualifying businesses.
For small store front businesses, Canada is launching the Canada Emergency Business account. Banks will soon offer $40,000 loans to qualifying businesses that will be guaranteed by the government. The loan will be interest free for the first year, if you meet certain conditions $10,000 is forgivable. Canada will also offer an additional $12.5 billion through Export Development Canada and the Business Development Bank to help small and medium size businesses.
There will be additional measures to help the vulnerable people, news will come at a later date.
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