News & Articles - loan

  • Feds Launch Program that Provides Financial Aid to Hard-Hit Businesses

    Eligible businesses can now start applying to the Highly Affected Sectors Credit Availability Program (HASCAP). Announced Jan. 26, the program provides financial support to businesses across the country, in all sectors, that have been hardest hit by the pandemic. This includes restaurants, businesses in the tourism and hospitality sectors, and those that rely on in-person service. Through HASCAP, the Business Development Bank of Canada will work with participating Canadian financial institutions to offer government guaranteed, low interest loans of up…

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  • Feds’ Fiscal Update provides Pandemic Support to Hardest Hit Sectors

    Meetings Mean Business Canada (MMBC) says it’s encouraged by new support measures proposed as part of the federal government’s long-awaited 2020 fall economic update, unveiled Nov. 30 by Finance Minister Chrystia Freeland. “Many in the meetings and business events sector are fighting for survival,” says MMBC chair, Clark Grue. “We’re gratified the government has recognized the economic hardships facing key sectors of the visitor economy. As we go forward, we’re committed to working with government representatives to ensure quick rollout…

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  • City Council Throws Winnipeg Convention Centre Financial Lifeline

    Winnipeg’s RBC Convention Centre is getting a much-needed injection of cash. City council has agreed to loan the 260,000-square-foot facility $7.5 million to help keep it afloat during the COVID-19 economic downturn. The financial assistance will go toward covering losses that may continue through to next year. The city-owned convention centre has experienced cancellations and postponement of events that have devastated operations. Councillors who voted in favour of the loan guarantee say they did so because the downtown convention centre is…

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