Mr. Speaker, a cloud of bankruptcy is looming over our companies, and this is only just the beginning. According to the Canadian Federation of Independent Business, 250,000 small and medium-sized businesses, or SMEs, are at risk of closing this year because they are unable to repay their CEBA loans on time. It is wrong to suggest, as Ottawa is doing, that extending the deadline by three months will miraculously resolve this problem. The federal government needs to provide those SMEs that need it with deferrals and special agreements or else they are going to go bankrupt.
When will this government give SMEs in difficulty the flexibility they need rather than watch them die?