Today’s announcement will definitely make a huge difference for small and medium-sized
businesses who want to grow and take advantage of new technologies.
But before I begin, I want to provide a brief update on Ukraine.
Over the past few days I have had various conversations with several world leaders,
including Cyril Ramaphosa of South Africa, Mackey Sall of Senegal and Naftali Bennett
of Israel.
We discussed the efforts being made to stop this illegal invasion of Ukraine.
Yesterday I also spoke again with President Zelenskyy of Ukraine.
I applauded his leadership and the courage of Ukrainians.
I told him that Canada would continue to be there for them.
This morning, Minister Anand announced that we will be supplying more military equipment
to Ukraine, including M72 rocket launchers and grenades.
This is in addition to what we’ve already committed and what we’ve already sent.
We’re also ready to welcome more Ukrainians to Canada.
For Ukrainians who want to come to our country temporarily, we’ll create a Canada Ukraine
authorization for emergency travel; this will eliminate many of the normal visa requirements
and it will be the fastest and safest way to come to Canada.
For Ukrainians with family members who are Canadian citizens or permanent residents,
we’ll implement a special family reunification sponsorship pathway towards permanent residence.
Today Canada and other close partners are calling to suspend Russia from Interpol.
We’re supporting this because we believe that international law enforcement cooperation
depends on a collective commitment to the universal declaration of human rights and
mutual respect between Interpol members.
In addition to what we’re doing to support Ukraine, we are also ensuring that Russia
will be held to account for its actions.
That is why we are imposing new sanctions on the heads of two Russian energy companies,
Roseneft and Gazprom.
This morning Deputy Prime Minister Freeland also announced that Canada will be the first
country to revoke the most favoured nation status of Russia and Belarus as trading partners.
As a result, Canada will impose a 35% tariff on exports from these two countries.
These sanctions are intended to put further pressure on Russia to stop its violation of
Ukraine’s sovereignty and territorial integrity.
While our government is there to support our partners and allies abroad, we’re also continuing
our work to support and grow our economy here at home.
That’s why I’m so happy to be here with you all at Bayview Yards with great news for
small businesses.
Today we’re joined virtually by Sheena from Nova Scotia who co-founded her own business
called Made with Local.
Made with Local is a snack foods company that partners with social enterprises to employ
and train Canadians with barriers to the mainstream work force.
Like for many small other…
small businesses, the past two years haven’t been easy, but despite the challenges, Sheena
adapted and made the pivot to digital.
Now with a greater online presence, her company is stronger than ever.
SMEs like Sheena’s are at the heart of our communities.
During the pandemic, our government has been there to support them with programs like the
wage subsidy, the Canada Emergency Business Account and lockdown support.
As we continue building towards a strong economic recovery, it is important to ensure that Canadian
small businesses have the tools they need to succeed in an increasingly digital world.
Sheena’s company benefited from the digital transformation.
Today we want to help other businesses use technology to grow and expand.
That’s why we’re launching the Canada Digital Adoption Program.
This is a $4 billion investment that will accelerate the digital transformation of SMEs
through grants and loans that meet their needs.
For example, if you’re looking to grow your business online, you could get a grant that
will help the costs of an eCommerce platform.
If your business requires more advanced technologies, you could get a grant to develop a digital
adoption plan.
And if you need support to implement your digital transformation, you can also apply
for a 0% interest loan up to $100,000 from the BDC.
Applications for both loans and grants are now open.
If you’re an SME, today we’re launching the Canada Digital Adoption Program for you.
We want to help you grow your business online and accelerate your digital transformation.
Over the next four years, we will support up to 160,000 SMEs with grants, loans, and
a network of digital advisors.
The program will also create thousands of jobs, including jobs for young, tech-savvy
digital experts.
Small businesses are there for our communities, and our government will continue to be there
for them.
Today’s announcement is all about empowering small businesses with digital tools so that
they can reach their full potential.
It’s also about building a strong recovery that brings our entrepreneurs and growing
companies along.
Small businesses are at the heart of our communities and when they do well, everybody wins.