Despite Prime Minister Justin Trudeau’s plea to Canadians to return home due to the COVID-19 pandemic, Giles Slade is continuing his vacation in Havana. The 66-year-old from Brockville, Ont., has even extended his stay by a month, until May 5, hoping to ride out the worst of the outbreak in a country where the weather is warm and there are currently only…
A wage subsidy, tax deferrals and $10 billion available in loans to keep companies afloat were all part of the federal government’s economic support package for small businesses announced Wednesday and late last week. Experts say they’re all welcome and important measures, but won’t be enough to save many of the companies hit hard by the coronavirus…
The price of a barrel of Canadian oilsands crude oil fell to its lowest level ever on Wednesday, at less than $10 a barrel. Western Canadian Select was changing hands at $9.19 US per barrel, down $3.04 from Tuesday’s level. The U.S. benchmark known as West Texas Intermediate also fell to below $25 US a…
Finance Minister Bill Morneau is expected to unveil an economic aid package on Wednesday morning worth more than $25 billion to help workers and businesses counteract the shock caused by the COVID-19 pandemic. A senior government official told CBC News that some of the money will be delivered directly to individuals through existing safety net programs, including…
As COVID-19 spreads across the country, many people have already lost their jobs, or have been laid off as small businesses close or limit their hours. Often the next question for those affected is, ‘How am I going to pay my mortgage or rent?’ Well, it looks like help is on the way, as the federal government…
While the country’s top grocers assure Canadians they’ll be able to keep up with demand amid the COVID-19 outbreak, food producers are expressing concern over the impact border restrictions could have on Canada’s agricultural food production. On Monday, Prime Minister Justin Trudeau announced border restrictions for travellers who are not citizens, permanent residents or Americans, with a few…