Premiers Ask Federal Government for COVID-19 Small Business Loan Extension

Canada’s premiers gathered during the closing news conference at the Council of the Federation meeting at The Fort Garry Hotel in Winnipeg, on July 12, 2023. The Canadian Press/John Woods

Canada’s premiers have sent a joint letter to Prime Minister Justin Trudeau asking the federal government to extend the repayment period for a year for interest-free loans given to small businesses and non-profits during the pandemic.

The federal government’s Canada Emergency Business Account offered interest-free loans of up to $60,000 to small businesses during the COVID-19 pandemic.