Madam Speaker, the Canada emergency business account provides interest-free loans of up to $60,000. Initially, repaying the balance of the loan on or before December 31, would have resulted in loan forgiveness of up to 33 per cent.
However, in Quebec we are seeing that almost a quarter of SMEs might not survive, and we think more needs to be done. For example, we have proposed increasing the loan forgiveness amount for the smallest businesses or those whose sales fell short of a certain threshold. What does my colleague think of that?