TwitterFacebookPinterestGoogle+

Category Archives: Economic

Stock markets rebound as U.S. nears $2T stimulus deal

Stock markets in New York and Toronto jumped significantly higher on Monday on hopes that trillions of dollars in stimulus spending by governments around the world will be enough to offset the economic damage wrought by the coronavirus that causes COVID-19. The TSX’s main index and the Dow Jones industrial average in New York both…

Read more

Does the economy need a helicopter rescue to escape COVID-19 disaster?: Don Pittis

As the Canadian government and the U.S. central bank say they will do whatever it takes to get their economies back on track, some experts are recommending a long-discussed weapon. Known as helicopter money, the concept was proposed as a thought experiment by Nobel Prize-winning American economist Milton Friedman as an alternative to governments borrowing and…

Read more

3 major Canadian grocers give frontline workers a raise during COVID-19 pandemic

Three major Canadian grocery chains have brought in wage increases for employees still working the cash registers and keeping the shelves stocked during the ongoing COVID-19 pandemic. Many stores have already announced they will be limiting hours and installing Plexiglas screens, while Metro, Loblaws and Empire companies also announced over the weekend they would be bumping up…

Read more