Prime Minister Justin Trudeau is expected to announce today significant rent relief to help businesses that can't afford to pay their landlords at a time when their operations are shut down due to the COVID-19 pandemic.
The federal help is expected to be provided in partnership with the provinces and territories, which have jurisdiction over rents.
Small- and medium-sized businesses, most of them shuttered since mid-March, have been clamouring for relief as the May 1 deadline for their next rent payments looms.
Kelly said 70 per cent of the CFIB's 30,000 members pay monthly rent for their business premises and, of those, 55 per cent report that they can't afford to pay their rent next month.
Edited by Victoria Watcher, 24 April 2020 - 03:49 AM.