Canada announces more funding for coronavirus-hit businesses

Ottawa, Oct 3 : The Canadian government has announced a funding of C$600 million to help small- and medium-sized businesses that were affected by the lockdowns imposed in the country in the wake of the coronavirus pandemic.
The announcement was made by Prime Minister Justin Trudeau on Friday, CBC News said in a report.
The new funding, which will target the tourism, manufacturing and technology sectors, will be added to the C$962 million invested in the Regional Relief and Recovery Fund.
Of the C$600 million, some C$456 million will be made available to help businesses struggling with their finances through another lockdown.
It will be distributed through regional development agencies.
Another C$144 million will help rural businesses and communities.