COVID-19 Economic Impact

• Bank of Canada holds key rate, warns 4th COVID-19 wave could hamper recovery

  The Bank of Canada has said it will keep its trend-setting rate at near-zero until the economy is ready to handle an increase in rates.

  Economy

  Sep 8, 2021
  
• S&P keeps City of Edmonton’s credit score at AA as it faces challenges because of pandemic

  The 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.

  Economy

  Aug 5, 2020
  
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• Half of Vernon, B.C., businesses report significant negative impact from pandemic: survey

  A new survey of Vernon businesses confirms many have been hurt by the pandemic and some have cut their staffing levels significantly.

  Economy

  Jun 23, 2020
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• U.S. billionaires richer by $434 billion since coronavirus pandemic began: report

  Nearly 39 million Americans have filed for unemployment in the same time period.

  Data Desk

  May 21, 2020
• EEDC announces more layoffs, pay cuts and senior leadership departures amid COVID-19 crisis

  The Edmonton Economic Development Corporation is temporarily laying off about 105 additional full-time staff as it struggles with its financial situation amid a public health crisis caused by the novel coronavirus.

  Economy

  Apr 14, 2020
• Beaumont allows people to defer taxes, some utility payments amid COVID-19 crisis

  The City of Beaumont announced new measures on Tuesday to ease the financial burden of people in the community struggling amid the ongoing COVID-19 crisis.

  Health

  Mar 24, 2020
• Dow surges over 11% in strongest one-day gain since 1933 as U.S. inches closer to deal

  The Canadian dollar traded for 69.01 cents US compared with an average of 69.05 cents US on Monday.

  Economy

  Mar 24, 2020