Top Results For: economic impact covid

Shortly after COVID-19 was named a global pandemic, it created a shift in people working from home. That shift meant some businesses were without that economic impact. Three years later, the business community is hopeful that workers will shift back to the office. Zack Power explains.

The ongoing economic impacts of COVID-19, high fuel costs and bad weather are to blame for a growing projected budget shortfall forecasted for Winnipeg, according to a new city report.

Speaking to reporters outside Rideau cottage on Tuesday morning, Canadian Prime Minister Justin Trudeau said the economic devastation from COVID-91 has disproportionately impacted women, indicating a continuing need for both the federal and provincial governments to provide quality, affordable childcare both during and after the COVID-19 pandemic.

As much of Alberta tries to recover from the economic impacts of COVID-19, Edmonton’s real estate sector is too. After facing a 55 per cent decline in home sales in April compared to last year, according to officials, many realtors are looking forward to a relaunch of their own. Chris Chacon reports.

The COVID-19 pandemic has led to a significant declined in the global economy, and has impacted everyone around the world in some shape or form. However, the demographic taking the biggest economic hit is the younger generations. New data shows 52% of Americans under the age of 45 and 35% of Canadians between the ages...

Ontario Health Minister Christine Elliott said Thursday that in the past several weeks testing had been done on the judgment of the clinician, but as of Thursday any Ontarian with symptoms of COVID-19 can be tested. She said with the reopening of the economy, this is needed to do more public surveillance testing to know...

The COVID-19 pandemic has drastically impacted the national, provincial and local economy. It has prompted Peterborough and The Kawarthas Economic Development to come up with a recovery plan. Katrina Squazzin has more.

Speaking to reporters outside Rideau Cottage in Ottawa on Tuesday, Canadian Prime Minister Justin unveiled the Canada Emergency Commercial Rent Assistance Program, providing forgivable loans to landlords so they can reduce by 75% the rent for business tenants hit-hardest by the economic impact of COVID-19.

Speaking to reporters in Ottawa on Monday, Conservative leader Andrew Scheer accused the Trudeau government of spending too recklessly prior to the COVID-19 outbreak, which “spent the cupboards bare” when it comes to Canada’s ability to mitigate the economic impacts of the pandemic.

During a news conference about the COVID-19 pandemic, Ontario Minister of Finance Rod Phillips was asked what the economic impact of the extension of all emergency orders that have been put in place so far until May 19 would be. Phillips said a full forecast would be released in August.

Nova Scotia Premier Iain Rankin announced on Friday that another $17 million will go into the province’s Small Business Impact Grant to support small businesses amid the latest round of economic shutdowns due to the COVID-19 pandemic’s third wave. This brings the province’s total investment to $29 million in the program and every eligible business...

A Montreal-area pastry chef died by suicide last week. It seems the economic, social and psychological impact of COVID-19 destabilized his life. Mental health experts say they are seeing an increase anxiety and depression, particularly among young men. Global’s Amanda Jelowicki has more.

The pandemic is impacting more women than men in the workforce. York University Associate Professor Winny Shen explains why that is, and how some women are more disadvantaged than others.

Not every Canadian was dealt a fair financial hand in this pandemic. Some saved up more money than usual, while many others were desperate for financial aid. Mike Drolet looks at COVID-19’s uneven economic impact.

Travel consultant Claire Newell discusses the ongoing economic impact of COVID-19 on the airline industry.

When speaking about how the Toronto government is responding to the continued spread of COVID-19 on Thursday, Toronto Mayor John Tory said that he will be leading an effort to determine the economic impact of the virus and how the government can work to protect the city’s economy. Tory stated that he has already begun...

Stock trading resumed on Monday Monday after a nosedive of 7 per cent in the benchmark S&P 500 and roughly 8 per cent in the Dow Jones, which forced so-called circuit breakers to temporarily halt stock trading. As the COVID-19 virus spreads and oil prices are starting to drop, economies worldwide are impacted.

The B.C. tourism and hospitality sector is worth billions of dollars to our economy, but it has been hit hard by the impact of the COVId-19 pandemic. Jennifer Palma reports on what a new task force is doing to keep them stay afloat.

At a press conference Wednesday, Vancouver Mayor Kennedy Stewart calls on the province to makes changes to help protect small businesses, renters and homeowners by providing tax relief and other funding.

Global’s business analyst Michael Campbell takes a look at the big-scale impact of the coronavirus closures and the federal aid package. From stock markets, to oil prices, to imports and exports, and of course everyday Canadian jobs, every aspect of the economy is being impacted.