Prime Minister Justin Trudeau is promising support for small and medium-sized businesses that pay commercial rent. He did not provide details on the new program, called Canada Emergency Commercial Rent Assistance, but said Ottawa would have to collaborate with the provinces in order to set it up.
The support would be available for April, May and June, he said. [ Sign up for our Health IQ newsletter for the latest coronavirus updates ] Trudeau made the comments in an address outside Rideau Cottage on Thursday.
He also announced that Ottawa would be expanding a previously announced business loan program so that companies with annual payrolls between $20,000 and $1.5 million would be eligible for bank loans of up to $40,000. “This is money