Canadian government will provide $600 million for SMEs

category:Finance
 Canadian government will provide $600 million for SMEs


According to the data released by the Canadian Federation of independent enterprises, 160000 small and medium-sized enterprises in Canada are expected to face the risk of permanent bankruptcy due to the epidemic. Tourism, hotels and restaurants have been particularly hard hit.

Over the past month, the epidemic situation in Canada has deteriorated. The number of newly diagnosed cases in a single day has increased from hundreds in August to more than 1000 at present. Trudeau announced in late September that Canada had entered a second wave of new outbreaks, warning that the second wave could be more serious than the first.

According to Canadian television, 162498 new crown cases were confirmed in Canada on October 2, including 9406 deaths.