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BDC allocates $500 million to support small biz coping with slumping oil price

The Business Development Bank of Canada has announced a shot in the arm for small businesses struggling to cope with sagging oil prices.

The BDC has earmarked $500 million in additional financing aimed at helping small and medium sized companies diversify and bounce back.

BDC President and CEO Michael Denham says he remains optimistic about the prospects for small business across northern BC despite the rock-bottom price of oil.

The Business Development Bank of Canada is a crown corporation dedicated exclusively to entrepreneurs.

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