April 09, 2020News
Aid for Entrepreneurs with Covid-19
The federal government continues to tackle the economic realities of COVID-19 and offers protective measures to address this global pandemic. Small business, which is the largest employer of Canadians, has been hard hit. There are a number of federal programs that can assist business owners and entrepreneurs. Investment Executive has provided a helpful summary of the Federal Programs available. This includes the Canada Emergency Business Account and loan programs listed as part of the government’s Business Credit Availability Program (BCAP) of $65 billion in direct lending to small and medium-sized businesses.
Where do we go from here?
What may the economic recovery look like? Our partners at CIBC Economics offer a balanced perspective. “Approximately 20% of workers are in essential jobs that will be in high demand during the early stages of the recovery, …, including healthcare workers, utilities, postal and delivery services, agriculture and grocery store workers.” Learn more about CIBC Economics outlook from their analysis below.
Our partners at CIBC Economics and World Markets offer analysis on the:
- Lessons we can learn from the emerging China economic rebound
- The Math of the Aftermath: Looking Past the Corona Shock
- No Quick Recovery Insight
Reach out if you have questions or concerns.
It is business as usual, in the unusual times of COVID-19 virus for the Lee Miles Advisory Team. Please feel free to contact us with any questions or concerns you may wish to discuss.