TORONTO, March 27, 2020 /CNW/ - Canada is in the midst of a public health
emergency that has touched everyone. It has created volatility in
our markets and impacts to our economy – and has created real
stress for businesses. Small businesses are an economic engine of
this country, and Canada's banks
know that these businesses are particularly hard hit by the
COVID-19 pandemic.
During this unprecedented time, Canada's banks have been working around the
clock to bring much-needed relief to their customers across the
country.
Banks are now working to effectively implement the direction
announced by the federal government to support Canadian businesses,
more details of which will be available in the coming weeks. Each
bank will have more information to share with their small business
customers in the weeks ahead, as specific plans are clarified by
the federal government.
Once all details of the support program are finalized with the
government, banks will update their websites with customer
information about how to enrol and have their questions
answered. For details about existing relief programs,
customers are encouraged to visit banks' specific COVID-19 relief
webpages for further information before calling or visiting their
specific bank.
Due to the unprecedented volume of calls banks are experiencing,
we appreciate Canadians' understanding as bank representatives
continue to work very hard to respond to requests for relief.
For more information, please visit:
www.bmo.com/main/personal/bmo-branches-coronavirus-update
www.cibc.com/en/personal-banking/advice-centre/covid-19.html
www.nbc.ca/personal/notice.html
www.scotiabank.com/ca/en/personal/scotia-support/latest-updates.html
www.rbc.com/covid-19
www.td.com/ca/en/personal-banking/covid-19
About the Canadian Bankers Association
The Canadian Bankers Association is the voice of more than 60
domestic and foreign banks that help drive Canada's economic growth and prosperity. The
CBA advocates for public policies that contribute to a sound,
thriving banking system to ensure Canadians can succeed in their
financial goals. www.cba.ca.
Canadian Bankers Association
Mathieu Labrèche
(416) 918-2777
mlabreche@cba.ca
Bank media contacts:
BMO Financial Group
Paul
Gammal
(416) 867-3996
paul.gammal@bmo.com
CIBC
Tom Wallis
(416) 980-4048
tom.wallis@cibc.com
National Bank of Canada
Claude
Breton
(514) 394-8644
Claude.breton@nbc.ca
RBC
AJ Goodman
(647) 286-4032
aj.goodman@rbc.com
Scotiabank
Laura
Mergelas
(416) 285-2639
laura.mergelas@scotiabank.com
TD Bank Group
Julie
Bellissimo
(416) 965-6050
julie.bellissimo@td.com
SOURCE Canadian Bankers Association