Mr. Speaker, the Canadian Federation of Independent Business has been warning us since June that hundreds of thousands of business could go bankrupt. The CFIB's updated numbers are no better. Right now, 220,000 businesses are in danger of going bankrupt if the federal government does not let them defer repayment of Canada emergency business account loans without losing the subsidy. Those 220,000 businesses say they have neither the cash nor the ability to borrow more to repay the loan.
When will the government understand that these businesses may well go bankrupt if they are not given enough time to pay back their loans?