Canadian PM Trudeau announces $221M business loan program for Black entrepreneurs | FULL
Prime Minister Justin Trudeau on Wednesday announced, in partnership with Canadian banks, nearly $221 million in funding to launch the Black Entrepreneurship Program, with the government contributing nearly $93 million over four years. It would help thousands of Black business owners through economic recovery from COVID-19. The funding will help support a National Ecosystem Fund, a Black Entrepreneurship Loan fund and a Black Entrepreneurship Knowledge Hub.
The announcement was made alongside Minister of Small Business, Export Promotion and International Trade Mary Ng, and MP for Hull-Aylmer, Greg Fergus.
Asked about the transition of programs like the Canada Emergency Response Benefit (CERB) towards Employee Insurance (EI) format despite people still dealing with COVID-19 business impacts, Trudeau stressed the need to continue following COVID-19 measures because “we are all still living in an emergency.” He said the change to longer-term programs is necessary to encourage people to return to work, but people must continue to be safe and adhere to measures in order to prevent a situation that may require a return to a full lockdown.
Trudeau also said he and his party have “no interest” in a fall election, saying they are focused on building the economy back following the COVID-19 pandemic. He said they’ll be putting forward a “strong, ambitious plan” forward for the government to vote on, and it would be up to Opposition parties to decide whether they have confidence in the plan. He said the Throne Speech would recognize inequities COVID-19 have highlighted, reduction of carbon emissions and other aspects he said the government has been focused on.
A total of 608 new cases were reported Tuesday, along with seven confirmed deaths.
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Seriously, how racist. Who qualifies? Self-declaration? Should be based on economic situation, ability and a solid business plan, not race or creed.
Can I qualify if I get… really really tanned? 🙁
@Illz i agree, i am a person of color but I am not black. I get treated just like everyone else. I dont get any special grants or tax credits or anything, i pay my taxes and contribute to society. It’a not fair to others that they’re get better treatment for no reason other than skin color.
@Illz i agree, i am a person of color but I am not black. I get treated just like everyone else. I dont get any special grants or tax credits or anything, i pay my taxes and contribute to society. I
@Matthew Davey its racist and offensive to everyone. Let’s first discriminate against anyone who isn’t black by excluding them then hand out 221 million because our government thinks black people are not able to do it on their own. How the hell is this man in charge of our country.
Wow this sad. We need a real PM
So this is big discrimination. . What about other peoples
@Conservative Cathy you born in canada?
Damn didn’t realise that my black friends weren’t allowed to go to school and college like the rest of us and get a degree and be successful. No waaaaaay.
Which shade of dark colored skin do you need to qualify ? Is the Government going to do genetic testing to check if candidates qualify ? What about other dark colored minorities ? Are they out ? And if so, why ?
I think you just need to self identify as black. I’m genderfluid and self identify as black Monday to Friday, so I think I’m good. If anyone disapproves than be sure to report them to your local federal agency for ethnic discrimination.
Im an indian guy. And I will BE APPLYING.
Excellent question.
Which highlights a genetic fact that decades ago destroyed the theory of race assumed in the past.
Human “race” alone.
There are no distinctive racial genetic differences.
You have a point here… more sinister than I first thought.
Lmao
He is planning to do blackface again and give himself the money.
😂😂😂nooooooooo
Jay, this prime minister is lost. He thinks he is helping but he is actually doing more damage. I have black friends and family members that achieved success on their own. Trudeau is telling all the black community that they are not capable of achieving success on their own. This program is demeaning.
Patrick P I don’t take that as a joke… at this rate I wouldn’t be surprised.
Who knew MR. Blackface would discriminate and be a racist? Just can’t make this year up. Non confidence vote please.
@kshawn Hmm, Asian = CaucAsian?!?! What’s the difference. Their both Asians on someone else’s continent… right?!?!
@s georgia well said 👏
@s georgia google equality of outcome. I think you might find it interesting.
@Lance Dukel I am sorry lance I dont understand you’re comments.
@s georgia no response for my comment. Again, is equality of outcome fair?
I normally dont comment here but I have to speak out against this. This is stupidity.
Here’s some money based on your race…….I know the word racism gets thrown around too easily these days but i’m sure THIS is racism.
@karen toffanpp
Popppllpplpppppppp
@Conservative Cathy They should no longer be referred to as minorities. White people are now the minority throughout the world.
@Veronica Conroy We need to send this video to her. How would we do that? Post it on PragerU?
Insane. A Brave New World indeed.
Ontario will go conservative, watch my words!
U remember last year GTA? Nah…
Agree with you
Ontario will go conservative because O’Toole home province
He is creating racism where there isn’t any.
@oil_kingg Why should you or I be held accountable for the actions of others? I am only responsible only for how I act and that I treat others; equally by the “content of their character, not color of their skin.” This concept has seemingly been forgotten by all those virtue signalers out there.
@Nathan Kendall America been doing that to black people for over 400 years now. We are owed buy the government! Pay what you owe! Do you have these same argument for other groups of people?
@oil_kingg I disagree anytime money is given simply for one’s race. It perpetuates systemic racism by enforcing the narrative certain groups are “less than” others. Also, Israel is not a “race” they are a religion and the money was for protection against terrorism. If you think collecting money for your great great great great grandfather’s work is owed to you or anyone else…well I believe that’s the very definition of entitlement. My great great grandparents helped bring slaves through the underground railroad into Canada. By your definition, that excludes me from being called a “white surpremist.”
@Nathan Kendall the black community has been looted for 400 years, you can’t fix that by giving everything to everyone! You want us to starve in the country we built!
@Nathan Kendall according to your logic no one should be held accountable for wrong done to them! NO MORE MONETARY SETTELMENTS FOR PEOPLE WHO HAVE BEEN WRONGED! That’s what you are saying!
Justin Trudeau is like a little kid who had racism explained to him by his dad.
$221 million the entire population of Canada is 38 million imagine if you got rid of the middle men/women. Wow
What are the eligibility criteria? How Black do you have to be to qualify for these preferential loans? Is 1/8th enough? 1/16th? Who decides? I almost forgot: Why do preferential Canadian government loans depend on an individual’s skin colour?
Wouldn’t a better policy cover all entrepreneurs who wouldn’t typically qualify for business bank loans? (If that’s the argument)
7:52 “we need an economic recovery that’s inclusive… for ALL Canadians” * funds a $221 million program for black people only *
And what about other minorities?… 😰 or white Canadians? Discrimination… 😰😭
What about all Canadians in general? We were told Canada only gives business loans to immigrants. No opportunity for us I guess
He’s fighting racism with racism. I knew he was hypocrite, but not THAT much.
Exactly
Clear Racism. Honestly would rather have Trump at this point, what a sad low bar for leaders these days
@Daniel Omane is this a D&D campaign?
I always defined discrimination as the act of including or excluding an individual or group simply because of their race. Ill let everyone else take that definition and see how it applys to this.
Wow! This is rather good to learn. Now we know that our sweat and, taxes also matter. Good on you Prime Minister; good on you.