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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

CBC: Businesses fear they'll have to borrow more to repay government-backed pandemic loans


Some small businesses say they might have to refinance their government-backed pandemic loans at higher interest rates if Ottawa doesn't extend the deadline for accessing the forgivable portion of the loans.

The Canada Emergency Business Account (CEBA) was introduced at the height of the pandemic to help out small businesses forced to close or limit their operations due to public health measures. The program offered interest-free loans backed by the federal government.

A business could apply for up to $60,000 through the program and up to $20,000 would be forgiven if the remaining balance was repaid by a certain deadline.

The government recently granted a small extension on that deadline — moving it from December of this year to Jan. 18, 2024. Many businesses have called for the deadline to be delayed by a full year ...

CLICK HERE for the full CBC news story

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