coronavirus pandemic, none of the applications have been approved and no money has been allocated.The Large Employer Emergency Financing Facility (LEEFF) was announced by the Liberals on May 11, as part of the federal government’s emergency economic response to the COVID-19 outbreak.The loans, starting at $60 million, were to be made available to companies that employ large numbers of Canadians and have at least $300 million in annual revenue, to provide short-term assistance to help them weather the pandemic.
Canada’s biggest companies getting new loans, financing to weather COVID-19 On Wednesday, the ministry of finance confirmed it has received “more than a dozen” applications to the LEEFF so far.But none have been approved.“The Canada.