Madam Speaker, there is no doubt that the $60,000 loan, with the $20,000 forgivable portion, was a help to small businesses in Canada.
However, the other part of it is that the massive spending and the flooding of printed money into our economy caused labour inflation and caused inflation in the products and goods that businesses need to conduct themselves. The other aspect was the needlessly long period of CERB payments that demoralized small business workers, as they figured it was just as easy to stay home as to go in and work.
You created massive wage inflation that is crushing small businesses.