National economic shutdown to last weeks longer, Trudeau says
Preliminary data from Statistics Canada showed economic activity collapsed in March, suggesting the drop could be a record 9%
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Canada & World
Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.
Nearly 5.4 million receiving emergency federal aid as requests climb
Liberals are likely to roll out more help soon to fill gaps in existing programs, such as by broadening the scope of the CERB to
Five Canadian business stories to watch this week
The first full week of federal relief measures for businesses, an interest rate decision and a possible update to the Canada Emergency Response Benefit are
Trudeau promises ‘relaxed’ rules for wage subsidy
Rather than having to show a 30-per-cent decline in revenues, he says they can show a 15-per-cent decline in March, and can compare their revenues
Feds look to expand eligibility of emergency relief program
‘Fine-tuning’ aimed at ensuring employees do better off remaining at work, rather than going off work and receiving emergency benefit
Five Canadian business stories to watch this week
New data on unemployment, a survey of business confidence and the outlook of Canada’s big banks are among the stories expected to make headlines in
Ontario closing more businesses effective Saturday to limit spread of COVID-19
Premier Doug Ford moved swiftly to shutter a larger swath of Ontario’s economy on Friday in the wake of bleak projections about the death toll
Feds went with simple rules for benefits to speed up COVID-19 aid, Morneau says
Finance Minister Bill Morneau says imposing hard and fast rules about who can receive federal aid to weather the economic shock from COVID-19 was the
Unemployed during COVID-19? Here’s how to navigate federal programs
Here’s a quick look at some of the federal COVID-19 benefit programs and who qualifies for assistance
RBC expects home sales to dive 30%, prices to decline because of outbreak
Canada’s housing market could see a significant pullback this year because of the COVID-19 pandemic, but could rebound next year, a report by RBC says
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