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In today's video:
1. CEBA Payment Deadline Alert: The clock is ticking! Learn more about the imminent due date for Canadian organizations to repay CEBA loans and avoid penalties.
2. Bitcoin ETFs Launch in the United States: The SEC has actually lastly approved the launch of Bitcoin ETFs in the United States. The man doing the actual authorizing is among Bitcoin's most significant sceptics.
3. US Inflation Report: We look a the most recent inflation report from the United States, and it's bad news for those wishing for a rate adorable.
4. Meta's Settlement with Canadian Users: We look at the information of Meta's recent contract to settle with Canadian users who feel their privacy was breached.
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If you’re a small business owner, make sure you’ve dealt with your CEBA loan if you have one. The hard deadline for repayment is this Thursday.
How about get a job you know the thing that people do when they have no money instead of crying for extension if you can’t afford to pay off your loans 0 sympathy
Pay up 👍
I struggle to understand how a business that can’t come up with 40k in almost 4 years to repay a loan should continue to stay in business
Actually? Some sectors were handcuffed by closures/severe restrictions for the better part of two years. On top on several wage increases/inflation.
@@jasonman444 okay but 40 thousand? If it is a significant amount, the company completely over leveraged themselves and clearly are not successful. If it is not a significant amount, then they are delaying for the sake of delaying.
Further, since there was virtually no scrutiny of accepting who gets the loan from the start, who knows where half the money has gone (maybe there’s a study into this, I didn’t check).
But if taken properly, an existing company should have used it to subsidize some operations and keep running as pre 2020. They should have no problem paying it back.
I would bet that those that are over leveraged or abused the loan are the ones not paying it back, or those businesses that are unsuccessful enough that they probably won’t be in business for much longer anyways. There are lenders available for business loans at all times. This was supposed to be a temporary, extraordinary measure. Not a complete lifeline.
I could be over simplifying, but again 40k over 4 years for a business… Seems more than doable to say the least
@@jasonman444ok GET A JOB BOZO lazy business owners
You took the risk of opening can’t afford wages well then you clearly can’t afford to run a business
Love your economy/business update, it is very informative. How often do you do this? Twice a week?
paid mine! would have liked them to postpone the payment deadline so I could keep the money in a tbill or hysa for a bit longer.
Paid mine this week
How can ppl owe money to government if they have none. Also they where closed because of the government, if everything would of just stayed on the same route we would be in better shape. Stating the government caused the failure of today sociality.