Canadian Prime Minister Justin Trudeau announced new loans for large businesses affected by coronavirus.
Companies that have annual revenues over C$300m (£173m; $214m) can qualify for loans of C$60m or more. But companies who have been found guilty of tax evasion are not eligible.
Trudeau said the loans are also not meant for companies who use tax havens or pay their executives “excessive” salaries, although he did not provide details on how the government would screen and monitor for those concerns.
“I want to be clear this is bridge financing not a blank cheque,” he said.
Companies will also have to respect collective agreements and pensions, and provide a climate action plan.
Around the world, governments are wrestling with what restrictions they should impose on companies getting coronavirus bailouts, with France and other countries in the EU denying aid to companies with funds in offshore tax havens.
