Canada is giving small businesses in Canada more time to pay back emergency loans offered during the COVID-19 pandemic, Prime Minister Justin Trudeau announced Thursday. But, what has been offered falls short of business groups’ expectations.
Canada is giving small businesses in Canada more time to pay back emergency loans offered during the COVID-19 pandemic, Prime Minister Justin Trudeau announced Thursday. But, what has been offered falls short of business groups’ expectations.
It’s definitely a relief to see Canada stepping up to support small businesses during these challenging times. Extending the repayment deadline for emergency loans to get $100 instantly is a crucial lifeline for many struggling entrepreneurs. However, it’s understandable that some may feel it falls short of what’s needed. Hopefully, this move will still provide much-needed breathing room for businesses to stabilize and recover.