Canada Enterprise Emergency Funding Corporation

August 25, 2026 – Today, the Large Enterprise Tariff Loan (LETL) facility terms became more flexible, more responsive, and better able to support large employers in Canada during this period of extraordinary trade disruption.

Recent trade actions from the United States have hit Canadian sectors and workers, putting unexpected pressures on businesses. While Canada continues to make investments and trade deals that keep the economy strong, it has been recognized that affected businesses need immediate liquidity to withstand this fast-moving trade disruption.

The $10 billion Large Enterprise Tariff Loan (LETL) facility provides liquidity to eligible large Canadian enterprises affected by tariffs and related measures. Today, the government of Canada announced that the government is providing new flexibilities to provide the responsive liquidity needed to bridge large enterprises through this period of uncertainty, by:

• increasing support from 24 to 36 months of company liquidity needs; and,
• increasing the maximum loan term from 10 to 15 years.

“Through LETL, our role is straightforward: to work with viable large Canadian businesses facing significant disruption and provide financing that supports jobs and keeps our businesses resilient through a period of extraordinary uncertainty,” said Lorraine Audsley, President & CEO of CEEFC. “We have delivered significant loans to date and we stand ready to deliver support throughout this period.”

To find out more about LETL, see if you qualify, and apply: https://ceefc-cfuec.ca/letl-overview/

QUICK FACTS

• LETL is administered by Canada Enterprise Emergency Funding Corp. (CEEFC), part of the Canada Development Investment Corporation (CDEV) group of companies.
• Since its launch in March 2025, LETL has provided $825 million in liquidity support to Canadian businesses across a range of affected sectors.

About CEEFC

Canada Enterprise Emergency Funding Corporation (CEEFC), a subsidiary of Canada Development Investment Corporation (CDEV), administers federally backed loan facilities that support large, otherwise viable Canadian enterprises facing significant economic disruption and challenges accessing traditional sources of financing. Established in 2020 to administer the Large Employer Emergency Financing Facility (LEEFF) in response to the COVID-19 pandemic, CEEFC now administers the Large Enterprise Tariff Loan (LETL) and Liquidity for Airline Sector Resilience (LASR) facilities. Through its programs, CEEFC provides access to liquidity during periods of economic uncertainty, helping maintain the viability of strategically important Canadian businesses and support the resilience of the Canadian economy.