Japan’s economic crisis hits new low amid coronavirus, setting test for next PM

Japan’s economy sank deeper into its worst postwar contraction in the second quarter as the coronavirus jolted businesses more than initially thought, underscoring the daunting task the new prime minister … Read More

U.S. budget deficit set to hit record $3.3 trillion due to coronavirus measures

The United States budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more … Read More

Next round of U.S. coronavirus aid could cost well over $1 trillion as demands rise

The price tag for the next COVID-19 aid package could quickly swell above $1 trillion as White House officials negotiate with Congress over money to reopen schools, prop up small … Read More

Next round of U.S. coronavirus aid could cost well over $1 trillion as talks stall

The price tag for the next COVID-19 aid package could quickly swell above $1 trillion as White House officials negotiate with Congress over money to reopen schools, prop up small … Read More

Australia suffers from worst recession in 30 years as coronavirus recovery begins

Coronavirus has done to Australia what even the global financial crisis couldn’t: abruptly end a record growth run and help trigger a deep recession from which the country will take … Read More

Many more Canadians going hungry as coronavirus pinches economy: StatsCan

The novel coronavirus has ravaged the national economy and more Canadians are going hungry as a result, Statistics Canada announced Wednesday. Food insecurity is sharply higher than the last time … Read More

The New Reality: COVID-19 creating a boom time for some industries

Alex Dugal is going all in on medical masks. The entrepreneur believes face coverings will be in demand even after a vaccine is found for COVID-19, so he’s invested half … Read More

Coronavirus pandemic exposing health inequities among Canadians, experts say

The ongoing coronavirus crisis is exposing health inequities that have long existed in Canada, according to those who study public health and infectious diseases. Now, Canadian charities and agencies are … Read More

Coronavirus: Over 300 lawmakers urge IMF, World Bank to cancel poor countries’ debt

Over 300 lawmakers from around the world on Wednesday urged the International Monetary Fund and World Bank to cancel the debt of the poorest countries in response to the coronavirus … Read More

Coronavirus: Trudeau promises one-time top-up for eligible seniors up to $500

Seniors feeling the financial impacts of the coronavirus pandemic will be able to get a one-time top-up to their Old Age Security and Guaranteed Income Supplement payments. Seniors Minister Deb … Read More

Global economic downturn from COVID-19 could be worse than first projected: IMF

The head of the International Monetary Fund on Friday signaled a possible downward revision of global economic forecasts, and warned the United States and China against rekindling a trade war … Read More

Some sex workers’ income has ‘completely dissolved’ due to COVID-19. Here’s how they’re surviving

Jelena Vermilion has lost her main source of income since the COVID-19 outbreak — the in-person sex work she relies on. Vermilion, based in Hamilton, Ont., now only receives requests … Read More

Trump says coronavirus testing ‘not going to be a problem’ under new rules

The White House released new guidelines Monday aimed at answering criticism that America’s coronavirus testing has been too slow, and President Donald Trump tried to pivot toward a focus on … Read More

Some American states plan to re-open economy despite coronavirus testing concerns

The reopenings came amid economic gloom, as futures plunged below zero on Monday and stocks and Treasury yields also dropped on Wall Street. The cost to have a barrel of U.S. crude delivered in May plummeted to negative US$37.63. It was at roughly US$60 at the start of the year.

Jeans company True Religion files for bankruptcy amid coronavirus pandemic

eans retailer True Religion Apparel Inc. filed for bankruptcy protection under Chapter 11 on Monday, the second time in three years, as extended closures of its stores in the pandemic … 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

Global economy has entered a recession amid coronavirus pandemic, says IMF head

The head of the International Monetary Fund said Friday it is clear that the global economy has now entered a recession that could be as bad or worse than the … Read More

EU orders economic recovery plan as countries remain divided on coronavirus response

European Union national leaders told the bloc’s finance ministers Thursday to draw up new measures to tackle the devastating economic impact of the coronavirus pandemic after failing to bridge major … Read More

Rent freezes, eviction deferrals needed amid coronavirus fallout: experts

Nearly half of Canadian renters live paycheque to paycheque — and the novel coronavirus pandemic is bound to strain their finances more, according to a report released by the Canadian … Read More

Business leaders group calls on Ottawa to take more action on coronavirus

A group representing Canadian business leaders is calling on Prime Minister Justin Trudeau to take more decisive action to stop the spread of COVID-19. Goldy Hyder, president and CEO of … Read More

Coronavirus: Stock markets continue to sink amid fears of economic fallout

By Staff The Canadian Press Posted March 19, 2020 10:10 am Smaller font Descrease article font size –A Larger font Increase article font size A+ TORONTO — North American stock … 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

Coronavirus: Asian stock markets, U.S. futures fall after Federal Reserve rate cut

Asian stock markets and U.S. futures fell Monday after the Federal Reserve slashed its key interest rate to shore up economic growth in the face of mounting global anti-virus controls … Read More

Coronavirus: U.S. Federal Reserve slashes rates to nearly zero in response to COVID-19

The U.S. Federal Reserve slashed rates back to near zero, restarted bond buying and joined with other central banks to ensure liquidity in dollar lending to help put a floor under a rapidly … Read More

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