Coronavirus Economic Impact
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Want to apply for the new coronavirus rent subsidy program? Here’s what to knowThe Canada Emergency Rent Subsidy kicks in on Monday as coronavirus cases spike across the country.CanadaNov 23, 2020
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S&P keeps City of Edmonton’s credit score at AA as it faces challenges because of pandemicThe City of Edmonton's chief financial officer said Wednesday she is very please a major international credit rating agency is maintaining the city's credit score as it continues to grapple with new challenges brought on by the COVID-19 pandemic.EconomyAug 5, 2020
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Online shopping sales surge by 99% in Canada amid coronavirus pandemicStatistics Canada says e-commerce sales hit a record $3.9 billion in May, a 2.3 per cent increase over April and 99.3 per cent increase over February.MoneyJul 24, 2020
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Canada’s coronavirus deficit soaring to $343B as feds warn of ‘permanent change’ to economyOfficials warn the economy might never go back to normal after coronavirus.PoliticsJul 8, 2020
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Canadian horse owners could be forced to sell for slaughter as finances battered by COVID-19The fates of some 46,500 horses owned by those facilities in question.CanadaMay 15, 2020
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Canada’s biggest companies getting new loans, financing to weather COVID-19The program will place limits on dividends, share buy-backs and executive pay.CanadaMay 11, 2020
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European Union predicts ‘recession of historic proportions’ over COVID-19 impact"It is now quite clear that the EU has entered the deepest economic recession in its history," EU Economy Commissioner Paolo Gentiloni told reporters in Brussels.WorldMay 6, 2020
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Oil site cleanup program sees 18,000 applications in 4 days, ‘significantly’ over expectationsNatural Resource Minister Seamus O'Regan called uptake "significantly higher" than expected.CanadaMay 5, 2020
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Four possible steps to restarting a coronavirus-plagued economyThat means COVID-19 will impact the economy for months, maybe years, but reopening businesses cannot wait until the virus is eradicated, say Loren Falkenberg and Jillian Walsh.CommentaryApr 25, 2020
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Global deal in the works to pump less crude oil, stabilize marketOil prices have more than halved since the start of the year amid a pricing war between Saudi Arabia and Russia.EconomyApr 9, 2020
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