September 5, 2025
Updates to the Large Enterprise Tariff Loan (LETL) facility to support Canadian strategic industries
On September 5, 2025, the Government of Canada announced that flexibilities will be provided to the Large Enterprise Tariff Loan facility, including lower interest rates and longer maturity. The changes to LETL announced on July 16, 2025, to support the steel industry will now apply to all industries.
This update is part of a series of new measures to support the liquidity of all sectors impacted by tariffs in the short term, and to protect, build, and transform Canadian strategic industries in the long term.
We are working on implementing these changes and will be posting more information on our website in due course.
“We remain committed to building Canada strong and this announcement reinforces how pivotal LETL is to support critical businesses as they currently navigate current trade tensions,” says Elizabeth Wademan, President and CEO of Canada Development Investment Corporation (CDEV), the parent company of Canada Enterprise Emergency Funding Corporation (CEEFC). “It is also a testament to the trust the Government of Canada puts in our ability to help Canada overcome its greatest economic challenges and meet this moment.”
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