Small and medium-sized businesses are the backbone of the London economy. Advocating for them, based on feedback received, will always be a priority. Speaking on the phone with 30-40 entrepreneurs in London North Centre each day for the past two weeks helped inform my perspective on what was needed to respond to the economic impacts of COVID-19. I know the same is true for my colleagues.
Today, our government announced:
The Government of Canada is focused on helping Canadians and businesses through this tough economic time. We will continue to protect the health and safety of Canadians, while supporting families and businesses and keeping our economy strong in the face of uncertainty.
The Prime Minister, Justin Trudeau, today announced additional new measures to support small businesses dealing with the economic impacts of the pandemic. These measures will help Canadian businesses protect the jobs that Canadians depend on, and pay their workers and bills during these difficult times.
Today’s announcement is a part of the government’s COVID-19 Economic Response Plan, which already commits $107 billion in support to Canadians so they can buy groceries, pay rent, and care for their loved ones, and also supports businesses through this difficult time.
To further support small businesses, the Government of Canada will:
These new investments will help Canada’s financial institutions provide the credit and liquidity options that a range of Canadian businesses need immediately.
The Government of Canada understands that some sectors have been disproportionally impacted by the COVID-19 pandemic. We will continue to carefully monitor all developments, and take further action in the near term. We’re all in this together, and the Government of Canada will continue to work around the clock to ensure all Canadians and small businesses get the support they need to weather this crisis.
Mon: | 9:00AM-5:00PM |
Tue: | 9:00AM-5:00PM |
Wed: | 9:00AM-5:00PM |
Thu: | 9:00AM-5:00PM |
Fri: | 9:00AM-5:00PM |
Sat: | Closed |
Sun: | Closed |