Calgary Chamber commends government action to increase access to capital and liquidity for medium and large businesses
“Today, we welcome the federal government’s action to increase access to capital and liquidity, in line with our recommendations to all levels of government to keep financial supports in place as we carefully re-open the economy.
“The Large Employer Emergency Financing Facility (LEEFF), expansion of the Business Credit Availability Program (BCAP), and continued financing will provide much needed support to bridge through this time of extreme uncertainty.
“The COVID-19 pandemic has impacted every size of business, and the road to recovery will be slow and uneven across the country and industry sectors. Today’s announcement is an important recognition of the key role that Canada’s large and medium-sized businesses play in our economy, and how crucial their viability is to our long-term recovery.
“We look forward to further details on implementation and will continue to engage with all levels of government on behalf of the business community to ensure critical support is in place now to ensure our recovery.”