SoVote

Decentralized Democracy

House Hansard - 245

44th Parl. 1st Sess.
November 2, 2023 10:00AM
Context: House Hansard - 245 - Nov/2/23
Ms. Nathalie Sinclair-Desgagné (Terrebonne, BQ)
  • Nov/2/23 3:00:21 p.m.
  • Watch
Mr. Speaker, the Canadian Federation of Independent Business has been warning us since June that hundreds of thousands of business could go bankrupt. The CFIB's updated numbers are no better. Right now, 220,000 businesses are in danger of going bankrupt if the federal government does not let them defer repayment of Canada emergency business account loans without losing the subsidy. Those 220,000 businesses say they have neither the cash nor the ability to borrow more to repay the loan. When will the government understand that these businesses may well go bankrupt if they are not given enough time to pay back their loans?
106 words
All Topics
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 245 - Nov/2/23
Ms. Nathalie Sinclair-Desgagné (Terrebonne, BQ)
  • Nov/2/23 3:01:43 p.m.
  • Watch
Mr. Speaker, 18 days is not what I would call real flexibility. In my riding alone, 72 small and medium-sized businesses are in danger of bankruptcy if the federal government fails to act. These are family businesses that I know, business that these people have invested in for their entire lives. These businesses also employ hundreds of people. If the federal government does not stop taking a hard line with family businesses, hundreds of jobs could be lost in the riding of Terrebonne alone. Which Liberal minister, the Minister of Small Business or the Minister of Finance, is going to come with me to tell Natacha, Sylvain and Éric that because of so-called fiscal restraint, the government is going to leave them high and dry?
130 words
All Topics
  • Hear!
  • Rabble!
  • star_border