Yes.
With CEBA, they're more of an agent of the government. As I understand it, the banks are being paid a fee. They really have no risk in that deal. That's how I understand it. Really, they don't, per se, have any skin in the game.
On April 30th, 2020. See this statement in context.
Conservative
James Cumming Conservative Edmonton Centre, AB
Yes.
With CEBA, they're more of an agent of the government. As I understand it, the banks are being paid a fee. They really have no risk in that deal. That's how I understand it. Really, they don't, per se, have any skin in the game.
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