Madam Chair, businesses cannot take on bigger loans. It just puts them further into debt. She does not understand.
There are several cultural clubs in my riding that provide an incredible connection for their members through their history, culture, language and identities. Several clubs survive by hosting events, celebrations and ceremonies and that cannot happen now because of COVID—19.
These clubs own their own land and their buildings, so they are not eligible for the programs under the former or the currently proposed programs, and they are drowning in debt from other fixed costs. Is there a plan to help these clubs?