A small group of Canadian trucking companies got a piece of good news when the federal government announced on Monday it would become a lender of last resort for the country’s biggest firms.
Prime Minister Justin Trudeau characterized the Large Employer Emergency Financing Facility as “bridge financing, not a blank check.” It’s intended to keep Canada’s largest companies in business during the COVID-19 pandemic in the event they exhaust their access to credit.
Companies generating C$300 million...
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