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Category Archives: Economic

Meet the legit small businesses who don't qualify for the government's emergency COVID-19 loans

While Prime Minister Justin Trudeau announced changes Wednesday to broaden the criteria for access to the Canadian Emergency Wage Subsidy program many businesses owners are focused on another issue.  Some small businesses desperate to access the government’s loan program known as the Canada Emergency Business Account  (or CEBA) will not qualify for help under the program’s criteria,…

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Car insurance industry promises rebates amid COVID-19 lockdowns

Canada’s insurance industry is promising rebates and relief for customers struggling to keep up with their bills amid the COVID-19 crisis. The Insurance Bureau of Canada, which speaks on behalf of insurance companies, says its members are offering “substantial consumer relief measures” that they think will add up to $600 million worth of rebates and discounts.…

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Canada's oil output is likely to plunge by 25% — but it will rebound after COVID-19, Enbridge says

With an American election at this year, the chief executive of Enbridge was already expecting 2020 to be a “choppy” year for the company, since presidential candidates can have differing viewpoints on whether major pipeline projects should proceed and on the oilpatch, as a whole.  The steps the company took to brace for any political…

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