Feds launch tourism fund to help tourism businesses avoid spiral of debt, Joly says

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The federal government is offering easy financing for the country's beleaguered tourism operators, which the minister in charge says should help companies mired in debt.

The sector has been among the hardest hit during the COVID-19 pandemic, as international travel has plummeted and domestic travellers are largely staying close to home.Even as public health restrictions ease, Economic Development Minister Melanie Joly says the tourism operators she has spoken with feel some anxiety, as July is almost halfway over.

What the government is now offering them is a mix of non-repayable contributions or no-interest loans to finance capital improvements. And at least one-tenth of the $500 million being rolled out will go to Indigenous tourism operators and organizations for things like workforce training or national projects.

Joly says the government hopes the money helps businesses in the sector avoid a debt spiral that could end in more companies closing their doors.

 

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Tax payers bailing out a sector. Your welcome i guess?

CERB

Let us all dig in !!

Tourist fund? How bout Trudeau opens borders to the actual tourist?

Hey can we please talk about the family’s separated by the Us/Can border w/ flying not being an option to get acrossThousands of people are missing their loved ones because there is no family reunification in the USA & the 15 day stay in 🇨🇦 is completely unreasonable

It is time to take the government credit card away.

A “federal tourism fund”. That sounds like an efficient use of taxpayer money. Not.

Nothing says election like free money

Or…open up the borders. There ya go. Fixed it you morons

Time to open the borders! We’re dying a slow death in the tourism industry.

How about they open up the borders and END the COVID LIE and Hysteria?!

Here’s a thought. Open the US border you insist on keeping closed. Fix the problem rather than throw money around. That will not help me see my family in the US Midwest. We have been separated for too long. Open the border. Now.

Or simply put a plan in place to reopen the borders?! This is going too far!

So you cause a problem, then spend tax payers money to fix the problem you have caused. Politics 101.

Maybe Canada should not be acting like North Korea and tourism may stand a chance of recovery. With only 12% of the worlds population vaxxed and Canada not allowing in Unvaxxed, you can throw all the money you want at it but the numbers won’t be there.

imagine believing the Federal government can help *any* industry. Ludicrous. Now imagine *this* cabinet can. A fairy tale for dummies.

Insane

🤦🏼‍♂️

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