Bars, cannabis sector eligible for $40B credit program from government bank

  • Bars, cannabis sector eligible for $40B credit program from government bank
  • TORONTO Devastated bars and lounges as well as the country’s hard-hit cannabis sector will have access to $40 billion in new credit being made available via the government’s business bank during the COVID-19 crisis, its CEO said on Sunday.
  • In an interview with The Canadian Press, Michael Denham said the program from the Business Development Bank of Canada and Export Development Canada would now be open to all businesses.
  • That’s indicative of the amount of demand and volume we need to need to deal with, Denham said.

Read full article: business.financialpost.com