Federal small business loan program set to launch Thursday, but wage subsidy faces political impasse [Toronto Globe and Mail (Ontario, Canada)]
Royal Bank Of Canada (RY)
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Source: Toronto Globe and Mail
Federal small business loan program set to launch Thursday, but wage subsidy faces political impasse A sign in a barber shop window indicates the establishment is closed because of the COVID-19 virus in Ottawa, March 18, 2020. Adrian Wyld/The Canadian Press A sign in a barber shop window indicates the establishment is closed because of the COVID-19 virus in Ottawa, March 18, 2020. A $25-billion federal loan program for small business is ready to launch but the government and opposition parties are at odds over legislative plans to pass separate wage subsidies for businesses affected by the COVID-19 pandemic. At a news conference in Toronto, Finance Minister Bill Morneau said the country’s largest banks will start taking applications for no-interest loans of up to $40,000 for small businesses starting on Thursday. The loans are guaranteed by $25-billion in government funds, and businesses that had payrolls between $50,000 and $1-million in 2019, based on tax records, are eligible to
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- 12/3/25 - Beat
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Sec Filings
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- RY's page on the SEC website