{"id":254526,"date":"2020-05-11T23:38:24","date_gmt":"2020-05-12T03:38:24","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=254526"},"modified":"2025-01-10T10:08:19","modified_gmt":"2025-01-10T15:08:19","slug":"canadian-chamber-liquidity-program-a-step-forward-for-larger-companies","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/05\/11\/canadian-chamber-liquidity-program-a-step-forward-for-larger-companies\/","title":{"rendered":"Canadian Chamber: liquidity program a step forward for larger companies"},"content":{"rendered":"
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The Canadian Chamber has repeatedly recommended the Government provide liquidity assistance to larger companies, which are undergoing economic stresses that are different from those smaller businesses face, but no less serious. (Pexels photo)<\/figcaption><\/figure>\n

(OTTAWA) \u2013 May 11, 2020 \u2013 Canadian Chamber of Commerce\u2019s President and CEO, Perrin Beatty, issued the following statement today regarding the updated financing program for businesses dealing with amid COVID-19:<\/p>\n

\u201cAs businesses of all sizes have been hurt by COVID-19. They have responded by developing new business models and innovating their business practices to maintain operations and keep their relationships with their employees.<\/p>\n

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Like other businesses, larger companies, having invested significantly in worker safety while maintaining staff, cannot continue to do so for the near-term without financial help. Millions of Canadian workers depend upon those companies for their incomes.<\/p>\n

We have seen the federal government put together a number of positive programs like the Canada Emergency Response Benefit to help Canadians adapt to the economic impacts of COVID-19. Notably absent in these programs were liquidity measures to help larger companies and the significant economic benefits they bring to Canada.<\/p>\n

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The Canadian Chamber has repeatedly recommended the Government provide liquidity assistance to larger companies, which are undergoing economic stresses that are different from those smaller businesses face, but no less serious.<\/p>\n

We will await specific details about how these programs will be administered, and we will also look to governments for tailored measures to meet the needs of specific sectors that are particularly hard-hit.<\/p>\n

The Canadian Chamber welcomes the Large Employer Emergency Financing Facility (LEEFF) as a bridge financing measure for larger companies, which are critical not only to millions of Canadians they employ, but also the significant supply chains that they anchor across Canada.<\/p>\n

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The Canadian Chamber also welcomes the expansion of the Business Credit Availability Program (BCAP), which will provide financing support for mid-market businesses, including loans of up to $60 million per company, and guarantees of up to $80 million.<\/p>\n

Today\u2019s liquidity measures are a step forward towards addressing the needs of some of Canada\u2019s leading companies, and help them continue their leadership role into the eventual recovery.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

(OTTAWA) \u2013 May 11, 2020 \u2013 Canadian Chamber of Commerce\u2019s President and CEO, Perrin Beatty, issued the following statement today …<\/p>\n","protected":false},"author":33,"featured_media":249006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,18],"tags":[],"class_list":["post-254526","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news-ca","mauthors-perrin-beatty","mauthors-canadian-chamber-of-commerce"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/254526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=254526"}],"version-history":[{"count":2,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/254526\/revisions"}],"predecessor-version":[{"id":282289,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/254526\/revisions\/282289"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/249006"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=254526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=254526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=254526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}