Business

Bank of Canada flags business, household debt risk from COVID-19

Plunging revenues and incomes could become a severe problem for both companies and households. Read More source

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Coronavirus: Manulife CEO warns of ‘devastation’ if economies are reopened too early

“We cannot afford to get this wrong,” he said. “Subsequent pandemic waves could create greater economic and social devastation than…

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She had two jobs. With CEWS, she’s getting only one of them back but losing all her CERB

CEWS-CERB overlap is leaving some Canadians with multiple jobs in a tough spot. Read More source

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CRA announces virtual free tax clinics amid coronavirus pandemic

Volunteer organizations working with the CRA will soon be offering free tax help via email, video call or phone, Canada’s…

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Welcome to the ‘she-session.’ Why this recession is different

Historically, recessions have hit men harder. This time it’s different, economists say. Read More source

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North America stock markets end week with a jump despite historic job losses

The S&P/TSX composite index closed up 132.87 points at 14,966.56. Read More source

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Canada shed 2 million jobs in April amid COVID-19: StatCan

Total losses since the pandemic-driven lockdown began have reached three million, the agency said. Read More source

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From car insurance to TV streaming: All the discounts available during the pandemic

There are several ways to save money during the coronavirus pandemic to reduce your monthly bills. Read More source

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6 reasons you may want to change your investment strategy amid COVID-19

It’s not about timing the market. Read More source

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WestJet, Air Line Pilots Association sign agreement to save 1,000 jobs

WestJet announced Thursday it has reached an agreement with the Air Line Pilots Association (ALPA) to save more than 1,000…

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TSX falls before ending one of its best months in years

North American stock markets had one of their best performances in years last month. Read More source

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Bank of Canada stimulus actions should reach average Canadian: Stephen Poloz

For the recovery to really take off, stimulus actions need to “reach the ultimate borrower,” he said. Read More source

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Canada’s GDP growth was already flat in February, StatCan data shows

Rail blockades and rotating strikes in Ontario contributed to a flat GDP reading in February, ahead of the March downturn…

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U.S. sees another 3.8 million jobless claims, bringing total to 30 million

Around 18 per cent of the U.S. working-age population has sought unemployment benefits. Read More source

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Rent is due May 1. Experts say CERB isn’t enough for some Canadian tenants

Some provinces have encouraged tenants and landlords to work together to develop rent payment plans, which one expert says is…

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Loblaw revenues jump 11% in first quarter amid COVID-19

The company beat analyst expectations for quarterly profit. Read More source

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Coronavirus: U.S. sees steepest quarterly GDP drop since Great Recession

U.S. GDP contracted by 4.8 per cent in the first three months of the year, but economists expect worse for…

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CEWS vs. CERB: How the two benefits fit together and who may have to return payments

The two COVID-19 emergency benefits are designed to overlap to a degree. Here’s what that means. Read More source

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