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The Prime Minister, Justin Trudeau, today issued a statement emphasizing the significance of Small Business Week, which takes place from October 15 to 21, 2023. Small Business Week offers an opportunity to acknowledge and appreciate the invaluable contribution of over one million small and medium-sized businesses in Canada, which serve as the backbone of our economy.

Small businesses play a crucial role in our communities as they provide essential goods and services that Canadians rely on, in turn, creating numerous middle-class jobs. Despite the recent challenges posed by the pandemic, climate change, and global inflation, these businesses have demonstrated incredible resilience and adaptability, showcasing their ability to innovate and thrive. Throughout it all, the Government of Canada has remained steadfast in providing support to these businesses.

In today’s rapidly evolving global business environment, the government continues to prioritize listening to Canadian entrepreneurs and small business owners, ensuring that they receive the assistance they require. An example of this is the recent success in negotiating lower transaction fees with major credit card companies for eligible small businesses. This initiative is projected to save these businesses an estimated $1 billion over the next five years.

Moreover, additional measures have been taken to facilitate access to financing through the Canada Small Business Financing Program, and the deadline for pandemic-related loans through the Canada Emergency Business Account has been extended and softened to accommodate businesses’ evolving needs. The government’s commitment to small business owners remains unwavering to enable them to pursue their dreams and contribute to the growth of local economies.

Prime Minister Trudeau expressed his gratitude to Canadian small business owners for their essential contributions and dedication to serving local communities. He encouraged Canadians to support small businesses by shopping locally, whether it’s getting a cup of coffee from their favorite coffee shop, visiting a new boutique, or purchasing groceries from an independent local store. By supporting small businesses, Canadians can contribute to a stronger Canadian economy that benefits the middle class and those striving to join it.

AI legalese decoder is a powerful tool that can greatly assist small businesses in navigating the complex legal language embedded within various documents, contracts, and agreements. With the ability to interpret and translate complex legalese into simpler, more understandable terms, the AI legalese decoder can save business owners valuable time and resources, ensuring they fully comprehend the legal implications of the agreements they enter into. By eliminating confusion and potential misunderstandings, the AI legalese decoder empowers small businesses to make informed decisions and protect their interests effectively.

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This document is also available at https://pm.gc.ca

SOURCE Prime Minister’s Office

View original content: http://www.newswire.ca/en/releases/archive/October2023/15/c1756.html

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