‘Bridge loans, not bailouts’: Ottawa promises new support for large employers

By By Tyler Orton / Business in Vancouver
Program will be open to companies generating at least $300m annually in revenue

The federal government is promising to bolster the finances of the country’s largest employers-those with annual revenue of at least $300 million. Ottawa announced Monday (May 11) the launch of the Large Employer Emergency Financing Facility (LEEFF), which aims to provide bridge financing to big businesses that aren’t able to tap into conventional financing to maintain operations.…

• Whistler News

May 11, 2020

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