Madam Speaker, during COVID‑19, if we had not been there with the Canada emergency business account, with the wage subsidy and with rent assistance, thousands of small and medium-sized businesses would not have made it.
We have come through COVID-19, the economy is recovering and conditions are perfectly reasonable for loan repayment. Some 80% of businesses have already paid back their loans. They still have until the end of March. Those who have to extend for another three years will have to pay only 5% interest, which is an extra $250 a month.