The Bank of Canada recently raised interest rates again, putting even more strain on small businesses trying to keep up with their rent and mortgages. In a move to help small businesses, Canada’s NDP sent a letter to the Minister of Finance calling on her to extend the Canada Emergency Business Accounts (CEBA) loan payment deadline by a year.
“Small business owners, and New Democrats, are tired of watching both the Conservatives and Liberals make big promises and then only work for the ultra-wealthy,” said NDP MP Alistair MacGregor . “It’s wrong – and it doesn’t need to be like this. The NDP wants to see the scales tipped in favour of everyday local shop owners and extending the CEBA deadline would be a good first start.”