PM Trudeau to offer latest details on COVID-19 aid, procurement
The government has been offering companies government-guaranteed loans of up to $40,000 to cover the costs of keeping their enterprises afloat during the COVID-19 crisis, and now, with more businesses pushing towards reopening, the prime minister said additional types of businesses will now qualify.
If the business can repay the balance of the loan by the end of 2022, up to $10,000 will be forgiven. Trudeau said, over the next few weeks, hundreds of thousands of pieces of personal protective equipment will be delivered to provinces and territories, and Canada is expecting to receive an order of respirators from the United States.
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