Employers posted solid job openings before virus shutdowns

Employers posted solid job openings before virus shutdowns
WASHINGTON — U.S. employers posted a healthy number of job openings in February, evidence that the job market was in decent shape before the viral outbreak brought the economy to a near standstill. The report, released by the Labor Department Tuesday, is largely an artifact from the pre-virus era, before nearly 90% of the U.S. population was subject to shutdown... Read More

Publisher says news media need cash ‘now’ to survive drop in advertising revenue

Publisher says news media need cash ‘now’ to survive drop in advertising revenue
TORONTO — The federal government needs to move quickly to support the Canadian news industry amid the economic downturn brought about by the response to the COVID-19 pandemic, an industry spokesman said Monday. Bob Cox, who is publisher of the Winnipeg Free Press as well as chairman of the News Media Canada industry association, says the situation is dire because advertising revenue... Read More

Business outlook soft even before shock of COVID-19, Bank of Canada says

Business outlook soft even before shock of COVID-19, Bank of Canada says
OTTAWA — The Bank of Canada says workers were feeling upbeat about job prospects, while employers felt otherwise in the weeks before COVID-19 delivered a shock to the Canadian economy. The survey of consumer expectations suggests more people anticipated searching for a new job and expected they would quickly find something new, while fewer thought they would lose their jobs. Household spending... Read More

Changes to emergency-relief program coming to expand eligibility, Trudeau says

Changes to emergency-relief program coming to expand eligibility, Trudeau says
OTTAWA — Prime Minister Justin Trudeau says 240,000 people successfully applied for emergency relief amid the COVID-19 pandemic in the first few hours after the federal government opened the process this morning. Only people with birthdays in the first three months of the year can apply for the Canada Emergency Response Benefit today, with the process opening more widely each day this... Read More

Bars, cannabis sector eligible for $40B credit program from government bank

Bars, cannabis sector eligible for $40B credit program from  government bank
TORONTO — Devastated bars and lounges as well as the country’s hard-hit cannabis sector will have access to $40 billion in new credit being made available via the government’s business bank during the COVID-19 crisis, its CEO said on Sunday. In an interview with The Canadian Press, Michael Denham said the program from the Business Development Bank of Canada would now... Read More

GST credit payments to low-income earners to arrive one month earlier

GST credit payments to low-income earners to arrive one month earlier
OTTAWA — Prime Minister Justin Trudeau says the government will deliver more aid to low-income Canadians through the GST credit a month sooner than planned. The government initially announced the money would be available in May, but Trudeau now says the money will be delivered this month. Every qualifying adult will receive up to $300, plus $150 for each child.... Read More

Trudeau says Parliament needs to sit again for more COVID-19 relief

Trudeau says Parliament needs to sit again for more COVID-19 relief
OTTAWA — The federal government will summon Parliament again to approve more spending to help the country to combat the financial fallout from COVID-19, Prime Minister Justin Trudeau says. Trudeau said Wednesday that he’s planning to call Parliament back for another sitting to pass additional items in what he described as perhaps the biggest economic bailout and social program this country... Read More

Liberals delay release of wage subsidy details

Liberals delay release of wage subsidy details
OTTAWA — Canadian businesses desperate for details about the federal government’s promised wage subsidy program will have to wait a little longer for answers. On Monday, Prime Minister Justin Trudeau said his finance minister would lay out the details of the program during a briefing on Tuesday. That never happened and now Finance Minister Bill Morneau says he and Small Business Minister... Read More

What Trudeau is offering small businesses struggling amid COVID-19

What Trudeau is offering small businesses struggling amid COVID-19
TORONTO — Small and medium business owners and entrepreneurs got a boost from Prime Minister Justin Trudeau on Friday as he handed more out relief for companies grappling amid COVID-19. The measures he announced include: Wage subsidies: The federal government will cover 75 per cent of salaries for workers of qualifying small businesses affected by COVID-19, an increase from the 10 per cent announced previously.... Read More

Businesses welcome government relief measures but want more — and quickly

Businesses welcome government relief measures but want more — and quickly
TORONTO — When the federal government teased its $82-billion relief plan for Canadian businesses and workers impacted by COVID-19, Toronto jewelry manufacturer Jewels4Ever was anxious to hear more. Chief executive Anita Agrawal had already closed her two locations and was fretting about whether she would have to lay off staff, some who have worked for her for 20 years. Now,... Read More