The Canadian government will extend its coronavirus rent-relief program for small businesses into September, the Globe and Mail reported over this past weekend, citing sources familiar with the policy discussions.
The Canada Emergency Commercial Rent Assistance Program will be extended for a third time as the government works through options for reforming its rent-relief strategy, the paper said, citing people familiar with policy discussions. The extension of the existing program is meant to be an interim measure.
A spokesperson for Finance Minister Chrystia Freeland declined to confirm the details with the Globe on Saturday. Ontario Premier Doug Ford’s spokesperson Ivana Yelich told the Globe that the province was working with the federal government to move such an extension forward.
In April, Trudeau broadened his fiscal rescue plan to include commercial landlords and lend more to small businesses. The relief program provided loans for landlords who lowered or waived rent payments from their business tenants. The program was originally meant to end in June.
In the AI economy, parents — and even counsellors — are at a loss when it comes to career advice
London Inc. Weekly: A summary of regional business news from the past week
Career growth is supposed to feel empowering. But for workers experiencing ‘ghost growth’, it feels like an illusion
Dating the boss is rarely encouraged — but does it pay off?
Price check: A sampling of high- and low-priced real estate listings around town this week