Feds give Farm Credit Canada $5 billion

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Part of the federal government’s responses to COVID-19 is $5 billion for Farm Credit Canada.

It is normal for FCC to allow borrowers to pause loan repayments during times of crisis.

Advance payment loans that fall due in April will now be granted a six-month extension.

The national association representing restaurant owners is asking politicians to enact measures to suspend evictions for failure to pay rent.

It said rent is usually the largest bill restaurants face.

It also asked for an increase in the 10 per cent government subsidy for employees.

Prime Minister Justin Trudeau is pleading – almost ordering – Canadians to stay home because anybody who picks up the virus can then pass it along to others.

He said it’s foolish for people to believe they are healthy enough to survive the disease because the issue is that they can infect many others.

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