Coronavirus: Federal wage subsidy program might cost $14B less than predicted

Canada’s official fiscal watchdog says the federal wage subsidy program might cost $14 billion less than the government predicted. A new report today by Parliamentary Budget Office analyst Ben Segel-Brown … Read More

Canada’s deficit ‘manageable’ without tax increase if COVID-19 measures temporary: PBO

Canada’s economic deficit could be “manageable” without a dramatic increase in taxes, the country’s Parliamentary Budget Officer says. Yves Giroux made the comments on The Roy Greene Show on Saturday. “My … Read More

Finance minister reveals changes to COVID-19 wage subsidy program

Finance Minister Bill Morneau says the Liberals are easing eligibility rules for the government’s emergency wage subsidy and changing the amounts businesses can receive. The government had been under pressure … Read More

Finance minister expected to reveal changes to COVID-19 wage subsidy program

Finance Minister Bill Morneau will outline today how the federal government is reshaping its emergency wage-subsidy program that has been extended to the end of the year. The program is … Read More

Where will Canada’s coronavirus economy go next? Here are 3 possible scenarios

The fiscal “snapshot” of the state of Canada’s finances amid the coronavirus pandemic makes it clear that a high level of economic uncertainty remains. But officials still outlined several possible … Read More

Canada’s biggest companies getting new loans, financing to weather COVID-19

By The Canadian Press Posted May 11, 2020 10:03 am Smaller font Descrease article font size –A Larger font Increase article font size A+ The federal government says it will … Read More

Economic development minister says parliamentary process too slow for coronavirus response

Melanie Joly, Canada’s minister of economic development, says the sweeping legislation the Liberals are set to propose on Tuesday is necessary because the parliamentary process is too slow to adapt … Read More

Coronavirus: Canada is enhancing its childcare benefit. Here’s how much parents will get

Prime Minister Justin Trudeau announced Wednesday the Canada Child Benefit will be temporarily increased within the coming months, delivering relief to families affected by the novel coronavirus. The measure would … Read More

Morneau to announce plan to help workers affected by coronavirus outbreak soon

By Staff The Canadian Press Posted March 17, 2020 5:56 am Updated March 17, 2020 5:57 am Smaller font Descrease article font size –A Larger font Increase article font size … Read More

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