Thank you.
Today, your office released a calculation of what it would cost if the government were to extend the repayment deadline for CEBA loans from January 18, 2024, to December 31, 2024. Apparently, that extension would cost a little over $900 million.
When we asked the Minister of Finance to extend the deadline to December 31, she said it would cost $2 billion, but it turns out it's a little over $900 million. That's a lot of money, but it's relatively good news.
Have you calculated the total economic cost and the costs related to all of the government supports, such as EI, that would be needed if tens of thousands of SMEs went bankrupt?