School of Policy Studies

School of Policy Studies
School of Policy Studies

Canada’s biggest companies getting new loans, financing to weather COVID-19

May 11, 2020

Published by Global News/The Canadian Press
, Jordan Press with comments by Don Drummond, School of Policy Studies, Queen's University

The country’s largest employers will soon be able to land federal financing to help weather the COVID-19 economic crisis, but are being warned they’ll need to open themselves to financial scrutiny for any tax evasion and prove their commitment to fighting climate change.

The Liberals are promising bridge financing to companies with at least $300 million in revenues so they can stay open, keep employees on their payrolls and avoid bankruptcies of otherwise viable firms, wherever possible.

Read the full article from the Canadian Press