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.

Large Canadian airlines poised to weather COVID 19 despite ‘very bad year’ ahead

A union official says Air Canada is laying off more than 5,000 flight attendants as the country's largest airline cuts routes and parks planes due to COVID-19

Canada, U.S. working out details of cross border non-essential travel ban

Closure of the world's longest undefended border will begin in earnest today as Canada and the United States work out the details of banning non-essential travel between the two countries

Why the feds aren’t closing the door on non-essential businesses

While Canada's response to the COVID-19 outbreak has taken off drastically in the last week, some have...

Five things to know about the federal government’s COVID-19 financial aid package

Delays in tax filing deadlines and temporary wage subsidies were announced Wednesday as part of a $82B relief package

Federal bureaucrats cautious about network overload as remote work increases

Federal government managers and employees have been advised to take precautions to manage the load on communications...

Air Canada halves capacity, withdraws guidance amid ‘severe drop in traffic’

Air Canada says it is halving its flight capacity in the second quarter and withdrawing its earnings forecast for 2020 and 2021 amid a 'severe drop in traffic' due to the novel coronavirus

Ontario delays release of full budget; province has seen 177 cases of COVID-19

The Ontario government announced Sunday that it was drafting legislation to ban employers from requiring sick notes for those in self-isolation or quarantine

Bank of Canada cuts rate target to 0.75 per cent in response to COVID-19

The Bank of Canada is cutting its overnight rate target by half a percentage point to 0.75 per cent in response to COVID-19

Bank of Canada pumps $7B, expands bond buy backs to ease economic concerns

Earlier in the day, the U.S. Federal Reserve pumped vastly more money, US$1.5T, into American financial markets, which did little to stop the bleeding on North American stock markets

Labour, biz leaders urge federal-provincial common front on COVID-19 impact

Canada's largest labour organization and the group that bills itself as the voice of business look to jointly confront the economic fallout from the rampaging novel coronavirus
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