Some businesses worried that severance costs would push them into bankruptcy
Unemployment spiked to 14.7% as the economy shed 20.5 million jobs in April
Even with support from governments and lenders, the agency expects mortgage arrears to increase
Air Canada, Shopify and oil company earnings will show the pandemic's impact on different sectors
Older Canadians are least affected
Roughly 22 million American workers seek benefits since the virus outbreak
The monthly unemployment rate increased to 7.8%
The job losses are the largest and fastest in records dating to 1948
Quebec's rate fell to its lowest level over the past four decades
The U.S. added 273,000 jobs last month