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27.01.2021 / 00:35

Feds unveil details of $1 million loan fund for hard-hit businesses

pandemic and that they have already applied for other business aid.The new loans, from the Highly Affected Sectors Credit Availability Program (HASCAP), will open for applications on Monday and is on top of existing loan programs targeting small businesses.Loans will start at between $25,000 and $1 million for a single business depending on the size of the operation, and run up to $6.25 million for companies with multiple locations like a chain of hotels or restaurants.Details made public Tuesday say rates will be set at four per cent across the board, terms will be up to 10 years, with up to a 12-month postponement of principal payments at the start of the loan.But to get the money, companies will have show a year-over-year revenue drop of

Small Business Coronavirus CFIb

Paying by credit card? Most businesses in Canada can soon add surcharges for that

A new survey from the Canadian Federation of Independent Business (CFIB) says 19 per cent of small businesses are considering adding a surcharge on credit card transactions to offset processing fees, while most remain on the fence for fear of losing customers.

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Manitoba’s COVID-19 restrictions create concerns for workers, small businesses

Man in his 20s Manitoba’s youngest coronavirus victim, 9 new deaths, 438 new cases Friday The prairie director of the Canadian Federation of Independent Business (CFIB) says he’s glad to see the new restrictions have levelled the playing field for smaller businesses, at least somewhat, but he’s still hoping for a turnaround by the holiday season that will allow some form of shopping at all local stores.“Really, this is a critical holiday retail season and we need to make sure we can get back to a point where we can reopen the economy safely,” Jonathan Alward told 680 CJOB.“We know that a lot of the community spread isn’t necessarily happening at retail.

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Small Manitoba businesses sidelined during critical time due to ‘essential only’ rule: CFIB

coronavirus cases.All retailers will only be allowed to sell essential items to in-person shoppers and must remove all non-essential items from public access.Many big-box retailers have stayed open since Code Red restrictions went into effect Nov. 12, selling everything on their shelves, because part of their inventory includes items listed as essential under provincial health rules.

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‘Catastrophic to our livelihoods’: Alberta businesses brace for possible 2nd COVID-19 wave

Canadian Federation of Independent Business (CFIB) said times are tough and could get even worse if a second wave were to hit.“I think most small businesses would say their business would be devastated if another round of business restrictions were to come into effect,” Alberta provincial affairs director for the CFIB Annie Dormuth said.The CFIB survey revealed 73 per cent of Alberta small businesses were worried about the uncertainty of a second wave.Further results showed 60 per cent would not easily survive a second wave of government-mandated closures and restrictions.

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‘Relieved’: Canadians who have exhausted EI included in post-CERB plan

Canada Emergency Response Benefit (CERB) with unusual trepidation.The 44-year old human resources and accounting professional says she lost her job in a corporate restructuring just weeks before the novel coronavirus pandemic began to spread across North America.She made an Employment Insurance claim and started looking for jobs, but just when she was about to sign up for a new position, she says the lockdown came into effect, and the prospective employer rescinded the offer. Liberals unveil $37B for CERB transition to new benefits, EI changes Like thousands of others, Neuburger had to use up her all EI benefits before moving onto the CERB.

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‘It’s heartbreaking’: Coronavirus pandemic closes Okanagan businesses

could be on the brink.Fun Bugs, a kids’ indoor play centre in Kelowna, is among them.Owner Lori Placide announced last week facility won’t be reopening. Coronavirus: Kelowna merchants not consulted on road closure to boost business “It’s heartbreaking,” said Placide.“You hear these comments on Facebook of all these people, ‘Oh, please don’t shut down,’ but I can’t risk my family and my home over a business.”If no buyer is found to take over the play space by the end of the week, Placide said she’ll be selling off the equipment and closing the doors for good.After a successful opening last summer, Vernon vintage store Mary-Ann’s Closet is facing a similar fate.“When we opened here on Main Street it was amazing.

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Edmonton businesses step up call to redesign CERB program

July 13, 2020Janet Riopel, the president and CEO of the Edmonton Chamber of Commerce, has heard it from her members too.“I think it’s a great thing that governments have really strong support systems. But they can’t be there to prevent people from coming back to work,” she said.“The thing we think that is really problematic is this isn’t free money.

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Alberta small business owners shut down amid ongoing COVID-19 pandemic

Calgary businesses brace for slowdown as pandemic fears intensify Copley is one of a growing number of Alberta business owners shutting down across the province — or at least thinking about it.The Canadian Federation of Independent Business (CFIB) told Global News that Alberta’s numbers are very concerning.“Our most recent results revealed that 19 per cent of Alberta small businesses are either actively considering winding down their business or bankruptcy,” said Annie Dormuth, the CFIB’s provincial affairs director for Alberta.“That’s nearly one-in-five small businesses in Alberta.”The national average is 14 per cent.The CFIB said despite Alberta’s economic relaunch a few weeks ago, business just hasn’t been the same.“We really haven’t

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0