Since the beginning, our government has been in close contact with Canada's banks and credit unions in order to coordinate our response to COVID-19. As for the big banks, they have committed to work with their customers on a case-by-case basis to find solutions to help them manage hardships caused by COVID-19. As a first step, this support includes a payment deferral for mortgages for up to six months and a reduction in credit card rates that are impacting customers.
We are continuing to engage with banks and also with all financial institutions, such as credit unions, which are helping us to service many of the programs that we are bringing forward for businesses. We will continue to work with the banks to make sure they provide the necessary supports for those businesses that apply.
I would maybe invite the deputy minister or any of the public servants who might want to add to this on the specifics MP Julian had brought—