Parliament's $100B small business relief program mostly went to large corporations: Report
Ottawa Sun: 'The $100 billion pandemic relief program went awry, according to Statistics Canada data disclosed earlier this week. Large corporations were three times as likely as small business to receive the Canada Emergency Wage Subsidy, Blacklocks reported.
'“Smallest businesses have the lowest usage rates,” said a Statistics Canada report. “Less capital intensive small businesses may have lower fixed costs than more capital intensive larger businesses.”
'“Thus it may be better for the smallest businesses to close rather than to continue operating,” said the report on The Canada Emergency Wage Subsidy Program And Business Survival And Growth During The Covid-19 Pandemic In Canada.'