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View Bill Morneau Profile
Lib. (ON)
View Bill Morneau Profile
2020-03-25 4:44 [p.2081]
Mr. Speaker, I want to be very clear that any employees of these small businesses that do not have revenue as a result of COVID-19 will be getting direct support, which is a wage subsidy directly delivered to the employee. For the employees who are still there, of course that is also important.
We are trying to ensure that this is something that employers have the capacity to manage through. That is the reason we have been working so hard to make sure that the Business Development Bank of Canada and Export Development Canada have access to capital and can deliver that access through the business credit availability program and the current banking relationship that the small businesses have.
We know these measures, in tandem, will support people through a difficult time. We are going to continue to think about ways we can support Canadians, the people who are off work and businesses, through this challenging time.
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