Plain meaning
A federal financing facility for large Canadian companies affected by actual or potential tariffs and countermeasures.
Also called
LETL
Background
The facility was announced in 2025 during the Canada-U.S. tariff dispute.
Key points
- The facility provides loans rather than ordinary grants.
- It is aimed at large enterprises that face tariff-related pressure and difficulty accessing normal market financing.
- Program terms can include minimum revenue, minimum loan size, maturity, interest-rate, and worker-retention conditions.
Why it comes up
The facility appears in tariff-related business articles because it is one way Ottawa supports companies facing trade disruption.