Statement by Goldy Hyder, President and CEO of the Business Council of Canada, on today’s announcement of support by the Government of Canada for large and medium-sized employers:

Canadian companies of all sizes have been seriously impacted by the COVID-19 pandemic. We welcome this important step by the federal government to provide bridge financing to large and medium-sized employers whose needs cannot be met through conventional financing.

The priority of our members throughout the health emergency has been to preserve as many jobs as possible. Canada’s leading companies have always demonstrated a high level of commitment to their employees and the communities in which they operate. They are world leaders when it comes to sustainable environmental practices, corporate governance and corporate social responsibility.

We look forward to seeing additional details about the measures unveiled today, but there is no doubt at all about the need.