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Liberals rejig eligibility rules for wage subsidy

Businesses will no longer have to prove their revenue dropped by 30% in March

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Dodig says economic effects of Covid-19 will be worse than 9/11

CIBC is calling for negative economic growth of 3.9% in Canada in 2020

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Toilet paper sales were up 241% in the second week of March

StatsCan has released new “flash” data showing the effects of Covid-19

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Housing starts slow by 7.3% in March

The seasonally adjusted annual rate of starts came in at 195,174 units, down from 210,574 in February

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Could North America follow China’s recovery trajectory?

A new report considers the factors weighing on a V-shaped pickup

Digital World

GHG emissions down during pandemic, MSCI says

But emissions are likely to rise as soon as Covid-19 resolves

Interior view of the Canada Commons of Parliament, Ottawa

Government help for business owners during Covid-19: a summary

Here’s your at-a-glance guide to federal support

Workers In Family Business Standing Next To Van

Business owners worried about qualifying for wage subsidy

The CFIB offered suggestions for how to expand the program

Business and financial district in a city with pillars

CEO out, Sabia in as new chair as Liberals shake up infrastructure bank

Pierre Lavallee is no longer CEO of the infrastructure financing agency the Liberals created two years ago

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Understanding CERB, EI and the feds’ wage subsidy

A roundup of federal assistance for the Covid-19 crisis

Toronto skyline in financial district

Banks flooded with requests for mortgage deferrals

The Canadian Bankers Association says banks have fielded almost 500,000 requests for deferrals

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Morneau says feds simplified eligibility for Covid-19 relief to speed up payments

An analysis has found that one-third of unemployed Canadians will not be able to access EI or the CERB

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PBO releases cost estimate of certain Covid-19 measures

The GST payment, Canada Child Benefit top-up and reduced RRIF withdrawal are expected to cost more than $8B

Airplane in the sky and cloud at sunrise

Trade data show Covid-19 effects

Exports of travel services declined by 5.8% in February, StatsCan says

A record number of American workers seek unemployment benefits

U.S. workers receive $600 a week in jobless aid as part of the country's economic rescue package

Parliament Hill building closeup in Ottawa, Canada

Morneau releases details, price tag for wage subsidy

Funds are expected to start flowing in about six weeks

  • By: Staff
  • April 1, 2020 April 2, 2020
  • 17:49
Parliament buildings at sunset

Parliament must sit again to pass wage-subsidy legislation: Trudeau

The Liberals are promising a 75% wage subsidy for businesses that have lost 30% of their revenue due to Covid-19

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Canada’s fiscal stimulus points to ‘strong recovery,’ DBRS says

The rating agency says Canada has the capacity to deliver on its relief efforts

Moving boxes in new house. Real estate concept.

Distancing, economic uncertainty to hurt home sales: RBC

Home resales could dive to a 20-year low, a report says

Double exposure of businesswoman in hipster shirt and wearing glasses working with tablet and oil and gas refinery industry plant in the night as Energy and Technology concept

StatsCan says Covid-19 has lowered prices for raw materials, industrial products

Crude energy prices dropped by almost 10% in February

Federal Reserve Building

Federal Reserve introduces new lending to smooth out Treasury market

The program lets foreign central banks convert Treasuries to cash without having to sell them

Slow profit growth business concept as a snail creating a hole shaped as a financial arrow chart in a leaf by eating the plant as a metaphor for economic slowdown.

Economic growth slowed in January to 0.1%, Statistics Canada says

Steps to slow the spread of Covid-19 have since brought businesses to a standstill

The Rideau Canal in Ottawa, Canada

Moody’s forecasts 2.2% contraction in Canada this year

The rating agency expects the economy to rebound later this year, with 2.4% GDP growth in 2021

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Trudeau offers eligibility details for 75% wage subsidy

The PM warned of "serious consequences" for those who attempt to game the system

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Containment efforts hurting economies, OECD says, but alternative is worse

Public health measures are necessary to avoid tragic consequences and even worse economic impact