The federal government is making big promises to small businesses to help them weather the economic impacts of the COVID-19 pandemic, but a Whitehorse business says if the money doesn’t come through soon, it may be too late. “We can’t survive too much longer if this continues without any real support,” said Jen Williams, owner…

Two passengers have died on the coronavirus-stricken cruise ship Coral Princess, which has just docked in Miami. There are 1,020 passengers and 878 crew members onboard the ship, which set sail on March 5 for a South American cruise. Ninety-seven of the passengers and two of the crew members are Canadian.  “All of us at Princess Cruises are…

Central banks around the world have slashed their benchmark interest rates to pretty much zero in an attempt to stimulate the economy by making it as easy as possible to borrow, spend and invest. But a curious thing is happening in Canada’s mortgage market: rates aren’t going down by as much as they probably should…

As the COVID-19 caseload shows every sign of surging in Canada, the delivery of promised financial relief for people who’ve lost their jobs or closed their businesses remains maddeningly slow. The federal government’s emergency wage subsidy is at least three weeks away from being available. It could take even longer. The emergency response benefit for those who…

Medical device manufacturer 3M says it is under pressure from the White House to stop exporting N95 masks it currently produces in the United States to other countries, including Canada. The Minneapolis-based company said in a press release Friday that while it welcomes the Trump administration’s invocation of the Defense Production Act (DPA) to compel domestic companies to…

The U.S. economy shed jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the novel coronavirus pandemic shuttered businesses and factories, all but confirming a recession is underway. The Labor Department said employers cut 701,000 jobs last month after adding a revised 275,000 in February. The…