Federal action is needed to revive downtowns in Canada, says an organization that is calling on Ottawa to give businesses more time to pay back federally-backed pandemic loans. Kate Fenske, chair of the International Downtown Association Canada, said on Monday that downtown businesses are continuing to grapple with rising costs, labour shortages, operational problems and high office vacancy rates. IDA Canada represents more than 500 business improvement associations. Fenske called for an extension of the repayment deadline for Canadian Emergency Business Account (CEBA) loans and more time for loan forgiveness. The current deadline is Jan. 18, 2024. CEBA was launched in April 2020 to help C
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