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View Randeep Sarai Profile
Lib. (BC)
Madam Chair, there are many small and medium-sized businesses in my riding of Surrey Centre. Many have been impacted by COVID-19. They saw a decrease in business or needed to close their doors completely in order to adhere to public safety measures to manage the spread of COVID-19. These measures helped keep our most vulnerable citizens safe and ensured that our hospital and health care providers did not become overwhelmed with a sharp spike in cases.
Thanks to our government's COVID-19 emergency response, many of these businesses have been able to keep their employees and access important liquidity through the Canada emergency business account, which provides loans to small businesses and non-profits, and the Canada emergency wage subsidy, which is helping businesses to keep and rehire their employees while their revenues are down by providing up to 75% of wages for up to 24 weeks.
As we begin to reopen the economy and Canadians across the country return to the job market, those benefits will be even more important to help businesses and industries rehire their staff and make important adjustments to align with public health guidelines to gradually increase their operations. Can the minister please update the committee on how many Canadian businesses have taken advantage of CEBA and CEWS since applications for each have been opened?
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