Many small companies have been struggling to repay pandemic-era government support, according to Reuters Thousands of small businesses in Canada face the risk of closing down after the government ended pandemic-era support last month and as interest rates are at a two-decade high, according to a Reuters report. A surge in bankruptcies, which already jumped by 38% in the first 11 months of 2023, would weigh on the country’s economic growth, lobby groups and economists cited by Reuters warn. Businesses that took out Canada Emergency Business Account (CEBA) interest-free loans of C$60,000 ($44,676), which were made a
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