Speaking to reporters outside Rideau Cottage in Ottawa on Tuesday, Canadian Prime Minister Justin Trudeau said large businesses should consider the federal government a “lender of last resort” when explaining why federal relief for large businesses during COVID-19 comes with some conditions. The Large Employer Emergency Financing Facility (LEEFF) was announced last week and will provide short-term bridge financing to companies with $300-million or more in annual revenues looking for loans worth at least $60 million but unable to secure them from banks or other private lenders.
Canada
Coronavirus outbreak: Trudeau says government should be considered a ‘lender of last resort’ for large businesses
More Videos
-
African Nova Scotian community receives RCMP apology for historic use of street checks
-
Interest rate cuts to spur housing fall market, experts say
-
Terror suspect arrested in Quebec was plotting to attack Jews in New York
-
Canada’s unemployment rate hits 7-year high: StatCan
-
Quebec man who imported 26K fake toonies gets jail time
-
Most provinces have destroyed COVID-19 vaccines amid wait for new formula, here’s why
You are viewing an Accelerated Mobile Webpage.
View Original Article