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Placeline/People
City Vaughan
Country Canada

Federal loans for big companies come with demand for ownership stake

Big companies can borrow $60 million or more from the federal government to keep going through the COVID-19 pandemic, Finance Minister Bill Morneau says. But besides charging interest, Morneau says the government will seek the right to take an ownership stake, or a cash equivalent, so taxpayers see benefits from helping companies that can't get private financing. 
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Information
Source name: 
The Canadian Press
Unique identifier: CP17264332 
Legacy Identifier: n_Morneau-Economy20200520T1145 
Type: Video 
Duration: 2m13s 
Dimensions: 1920px × 1080px     144.98 MB 
Create Date: 5/20/2020 11:45:00 AM 
Display aspect ratio: 16:9 
Tags
Bill Morneau
business
business and finance
company
Coronavirus
corporations
COVID-19
economy
loans
Minister of Finance
Ottawa
public companies
warrants