The Government of Canada is showing support for Canadian
businesses that may be experiencing difficulties due to the
worldwide COVID-19 pandemic.
The government's response plan is fluid, as the Canadian
economy continues to adjust to these turbulent times. It is
important to stay updated daily, to see if your business can
benefit. Key areas of support, the latest details of which are set
out below, include access to credit, retaining employees and key
personnel, providing market stability and granting flexibility:
ACCESS TO CREDIT:
- Business Credit Availability Program
("BCAP") – On March 13, the government of
Canada announced the BCAP. This measure will increase the credit
available to small, medium, and large Canadian businesses by
providing $65 billion (previously announced at $10 billion) of
additional support through the Business Development Bank of Canada
("BDC") and Export Development Canada
("EDC"). This additional credit will be
available at market
