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Placeline/People
City Vaughan
Country Canada

Morneau pledges bridge loans to help big companies survive

In a move reminiscent of the 2008 financial crisis, the federal government is promising loans to help even very large companies survive the economic freeze-up caused by the COVID-19 pandemic. Finance Minister Bill Morneau said airlines and non-essential retailers are examples of otherwise healthy companies that can't do business now, but could survive and resume operations later if they get government help now. 
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Source name: 
The Canadian Press
Unique identifier: CP17210591 
Legacy Identifier: n_COVID-Economy20200511T1100 
Type: Video 
Duration: 1m43s 
Dimensions: 1920px × 1080px     119.15 MB 
Create Date: 5/11/2020 11:00:00 AM 
Display aspect ratio: 16:9 
Tags
Bill Morneau
business
business and finance
Coronavirus
COVID-19
economy
finance minister
Ottawa
reopening