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submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca

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.

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[-] Usachman@kbin.social 1 points 4 months ago* (last edited 4 months ago)

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.

this post was submitted on 15 Sep 2023
24 points (100.0% liked)

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