The Canadian government has teamed up with some of the country’s largest financial institutions to launch a C$221 million ($168 million) program for Black entrepreneurs to access credit and help them bounce back from the pandemic-induced economic slump.
In a joint announcement on Wednesday, Prime Minister Justin Trudeau and Minister of Small Business, Export Promotion and International Trade Mary Ng said Canada would spend nearly C$93 million over the next four years to administer the program.