Justin Trudeau unveils aid for Black-owned businesses and entrepreneurs

Sep 9, 2020

Prime Minister Justin Trudeau’s long-promised action to tackle systemic racism is starting to take shape with the announcement Wednesday of a program that will deliver up to $221 million in public and private funding for Black-owned businesses and entrepreneurs.

Several financial institutions — including major firms like the Royal Bank of Canada, Bank of Montreal, Scotiabank, TD and CIBC — will also contribute up to $128 million to a new fund that will lend out sums ranging from $25,000 to $250,000 to Black-owned businesses and entrepreneurs.

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