The Prime Minister, Justin Trudeau, as we speak issued the next assertion on Small Enterprise Week, which runs from October 15 to 21, 2023:
“As we speak, we mark the start of Small Business Week, a possibility to acknowledge the multiple million small and medium-sized companies throughout Canada which might be the spine of our economic system.
“Small companies account for 98 per cent of all companies in Canada. They’re the lifeblood of our communities, play an important function in delivering the products and companies Canadians want, and assist hundreds of thousands of fine middle-class jobs from coast to coast to coast. Lately, within the face of surprising challenges starting from the pandemic to the impacts of local weather change and international inflation, they’ve proven unbelievable resilience and ingenuity, studying to innovate and adapt to proceed to thrive. And the Authorities of Canada has been there to assist them each step of the way in which.
“In as we speak’s quickly evolving international enterprise surroundings, we proceed to hearken to Canadian entrepreneurs and small enterprise homeowners to make sure they obtain the assist they want. Earlier this yr, we secured commitments from main bank card firms to decrease transaction charges for small companies, serving to eligible small companies in Canada save an anticipated $1 billion over 5 years. This builds on different measures we have now taken to assist hardworking enterprise homeowners, together with by serving to them entry financing via the Canada Small Business Financing Program, and lengthening the deadline on pandemic loans via the Canada Emergency Business Account, whereas making them extra versatile. We are going to proceed to be there for small enterprise homeowners to allow them to preserve placing their desires into motion and develop our native economies.
“To Canada’s small enterprise homeowners: thanks to your contributions and your dedication to serving our communities. This week, I invite Canadians to buy native – whether or not by grabbing a espresso out of your favorite espresso store, stopping by a brand new boutique, or getting your meals for the week at your native impartial grocery retailer. Once we assist the small companies in our communities, we contribute to a stronger Canadian economic system for the center class and folks working arduous to affix it.”