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Canada investments to provide robust support for key areas of Northern economy

Government of Canada investments to provide robust support for key areas of the Northern economy

NUNAVUT, May 13, 2021 /CNW/ - Canadian Northern Economic Development Agency (CanNor) The COVID-19 pandemic is an unprecedented event, which brings unique challenges to businesses across the territories. CanNor has been there to support entrepreneurs and businesses since the beginning of the pandemic and continues to support their recovery by making strategic investments that help contribute to Canada s economic recovery. Through its $15 million Northern Business Relief Fund as well as its $34.3 million portion of the Regional Relief and Recovery Fund, CanNor has supported small- and medium-sized businesses across the territories in an investment of over $31.3 million maintaining over 1,685 jobs and supporting 565 businesses. This funding has gone a long way to help Northern businesses survive the pandemic and position them for a strong recovery.

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