Use of Government COVID-19 Liquidity Support Programs by Immigrant-owned Businesses and Those Owned by Canadian-born Individuals

Articles and reports: 11F0019M2024002

Description: Immigrant-owned businesses were more likely to be affected by the COVID-19 pandemic than other businesses, as they were more concentrated in industries requiring in-person contact and were smaller in scale. To support businesses affected by the pandemic, the Government of Canada launched various COVID-19 liquidity support programs, including the Canada Emergency Wage Subsidy (CEWS), the Canada Emergency Commercial Rent Assistance (CECRA), the Canada Emergency Rent Subsidy (CERS) and the Canada Emergency Business Account (CEBA). These programs were designed to help affected businesses by partially covering their main expenses, such as wages, rent and property expenses.
Issue Number: 2024002
Frequency: Occasional
Author(s): Faryaar, Hassan; Liu, Huju; Zhang, Haozhen; Zhong, Jianwei
FormatRelease dateMore information
HTMLMarch 6, 2024
PDFMarch 6, 2024