Large business, non profits, charities eligible for wage subsidy, Trudeau says
Prime Minister Justin Trudeau says large and small businesses, non-profits and charities will all be eligible for a 75-per-cent subsidy on wages meant to cushion
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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.
Competition watchdog warns against Air Canada’s proposed deal to buy Transat
Air Canada’s proposed acquisition of Transat AT Inc. likely will hinder competition and result in less choice for Canadian travellers, the Competition Bureau says
Here’s what Trudeau is offering small businesses struggling amid COVID-19
Small and medium business owners and entrepreneurs got a boost from Prime Minister Justin Trudeau on Friday as he handed more out relief for companies
Bank of Canada cuts key interest rate target to 0.25%
The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement
Netflix reduces video quality in Canada to lower internet bandwidth use
Netflix is lowering video quality for its subscribers in Canada as it attempts to reduce soaring demands on internet bandwidth in the midst of the
CMHC expanding insured mortgage purchase program to $150B, up from $50B
Canada Mortgage and Housing Corp. is expanding its insured mortgage purchase program to $150 billion as part of its response to the COVID-19 crisis. The
Realtors push back on non-essential sales, adopt safety measures amid outbreak
Ontario Real Estate Association president Sean Morrison said the designation of realtors in the province as an essential service means it should be used only
Feds plan $30M ad buy to help media deal with COVID-19 fallout
The federal government announced Wednesday that it is planning a $30-million COVID-19 awareness advertising campaign and moving closer to implementing long-promised tax credits for newspapers
Ontario introduces $17B COVID-19 package; more than doubles deficit
The spending boost includes a $1-billion COVID-19 contingency fund, nearly $1 billion more for hospitals, and more personal protective equipment for front-line workers
Liberals rejig benefits for workers affected by COVID-19
Finance Minister Bill Morneau said the measure allows companies to temporarily let go of workers to cut payroll costs and leave money in the affected
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