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Ottawa in talks with fintechs on $2-billion plan to lend money to an additional 100,000 firms

A group of leading fintechs is in discussions with Ottawa on a proposal to provide $2 billion in emergency loans to up to 100,000 Canadian small businesses, The Logic has learned. 

Representatives from Kilgour Williams Capital and the Canadian Lenders Association (CLA) have met with Finance Canada multiple times over the past month to fine-tune the proposal.

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