UPDATE 1-Canadian banks to hand out interest-free loans to small businesses [Reuters]
Royal Bank Of Canada (RY)
Last royal bank of canada earnings: 2/21 06:00 am
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Source: Reuters
UPDATE 1-Canadian banks to hand out interest-free loans to small businesses (Adds Scotiabank approvals in last paragraph) TORONTO, April 9 (Reuters) - Small and medium-sized businesses in Canada that have been affected by the coronavirus crisis were able to begin enrolling in a program to apply for interest-free loans of up to C$40,000 on Thursday, according to the Canadian Bankers’ Association. As part of a number of measures announced by the federal government, the Canada Emergency Business Account (CEBA) program enables qualifying small businesses to apply online through their current lenders for the loans, a quarter of which is forgivable if repaid by Dec. 31, 2022. Scotiabank has so far approved the loans for 3,750 customers, over C$150 million, the bank said in an e-mailed statement on Thursday. In March, the “big six” lenders - Royal Bank of Canada , TD Bank, Scotiabank, Bank of Montreal, CIBC and National Bank of Canada - announced a coordinated effort to offer mortgage relief
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Earnings
- 2/26/26 - Beat
RY
Sec Filings
- 3/6/26 - Form FWP
- 3/6/26 - Form 424B2
- 3/6/26 - Form 424B2
- RY's page on the SEC website