Canada’s coronavirus deficit soaring to $343B as feds warn of ‘permanent change’ to economy

The flood of federal spending in response to the coronavirus pandemic and the ensuing economic crisis will see the deficit soar to $343 billion this year, as officials warn the … Read More

Canadian horse owners could be forced to sell for slaughter as finances battered by COVID-19

The governing body for Canadian equestrian sports and horse welfare is warning that without financial support, horse owners could be forced to sell their animals for slaughter as the coronavirus … 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

Oil site cleanup program sees 18,000 applications in 4 days, ‘significantly’ over expectations

Natural Resources Minister Seamus O’Regan says interest in a new federally-funded program to put oil industry workers back to work cleaning up abandoned wells in Alberta amid the coronavirus pandemic … Read More

Nearly half a billion people may end up in poverty due to coronavirus crisis: report

The fallout from the coronavirus spread that has killed more than 83,000 people and wreaked havoc on economies around the world could push around half a billion people into poverty, … Read More

B.C. restaurant owners plead for government help amid coronavirus crisis in new campaign

B.C.’s restaurant industry has joined a national campaign calling on the federal government to provide immediate relief and protection for restaurant owners and staff suffering through the novel coronavirus pandemic. … Read More

Trudeau promises 75% wage subsidy for businesses hit by coronavirus

The federal wage subsidy for small and medium-sized businesses hit by the coronavirus pandemic is jumping up to 75 per cent, the prime minister announced on Friday. Prime Minister Justin … Read More

Canadian unemployment could hit 15 per cent amid coronavirus pandemic, deficit to $113B

The coronavirus pandemic sweeping the globe could send Canadian unemployment rates soaring to 15 per cent by the end of the year, a new forecast by the parliamentary budget watchdog … Read More

Coronavirus: Global shares rebound after Wall Street dive, recession warning

Shares rebounded in Europe and Asia on Tuesday after a brutal sell-off that gave the U.S. stock market its worst loss in over 30 years, with many economies grinding to … Read More