Wednesday, July 6, 2022
Finance Minister Chrystia Freeland’s plan to prop up the Canadian economy through the second wave of the novel coronavirus pandemic includes a temporary top-up to the Canada Child Benefit (CCB), a boost to the wage subsidy and targeted aid for industries that have been especially hard-hit by...
OTTAWA (Reuters) - The economic impact of the second wave of COVID-19 in Canada has been deeper than expected and the government must be agile to ensure it can respond to gaps in supports should any emerge, Finance Minister...
How would you like a mortgage with an interest rate of less than one per cent? That's what HSBC, Canada's seventh-largest bank by assets, is now advertising. The lender's website now shows it is offering a new five-year variable mortgage rate of a mind-boggling low 0.99...
OTTAWA — Positive news about vaccine delivery won't be enough to give the economy a shot in the arm to start 2021, the Bank of Canada said Wednesday as it kept its key interest rate on hold and warned...
CALGARY — The end of Alberta's oil production curtailment program and purchase of natural gas producer Painted Pony Energy Ltd. earlier this year will help Canadian Natural Resources Ltd. increase production by about five per cent in 2021, it...
Ottawa is rolling out a wave of new funding for pandemic-battered industries including tourism, the arts and regional aviation, with smaller companies top of mind — and large airlines notably absent. The Liberal government's fiscal update sketches out a program...
C/Net-The new stimulus package worth $900 billion in COVID-19 relief aid passed both chambers of Congress on Monday, bringing the bill one step away from becoming law. All that's left is President Donald Trump's signature. The final contents of the stimulus bill...
OTTAWA — Provincial finance ministers have quietly prodded Finance Minister Chrystia Freeland to pause planned increases in premiums workers and businesses pay into the Canada Pension Plan. The planned increase on Jan. 1 is part of a multi-year plan approved...
TORONTO — Production of Heinz Ketchup is coming back to Canada, six years after the maker of the iconic tomato condiment moved its manufacturing to the United States. Kraft Heinz said Tuesday it will begin making ketchup at its Montreal...
SYDNEY (Reuters) - The dollar hit a 10-week low on Monday as investors heralded Joe Biden's election as U.S. president by buying trade-exposed currencies on expectations that a calmer White House could boost world commerce and that monetary policy...
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