Report says pandemic intensified economic disparities
BDO affordability index shows nearly two in five say their personal finances deteriorated during the first wave.
Design of post-CERB benefits could change as pandemic shifts: minister
The Liberals unveiled the $37-billion package of three benefits and easier access to employment insurance last month as a replacement
Federal finances remain vulnerable to fluctuating interest rates
An increase could lead the government into a downward cycle of increased deficits, and that means higher taxes.
Trudeau says feds will create EI like benefit for gig, contract workers
The $80-billion Canada Emergency Response Benefit is set to wind down over the coming weeks
U.S. economy shrank at record breaking 33% rate last quarter
State and local government spending, bruised by a loss of tax revenue that forced layoffs, also fell at an annual rate of 5.6%.
New growth opportunities to present itself in contracting global economy: report
Cross-industry collaboration, reduced taxes, and low interest rates key to expediting recovery from the economic slump
SaskPower is taking a revenue hit from COVID-19
Crown utility says sales were down by 10% from April to June, too soon to rule out increases.
Eight more weeks of CERB to cost $17.9 billion, budget officer says
CERB, now budgeted at $60 billion, has paid out $52.14 billion to over eight million people as of June 21.
Federal deficit likely reached $260B due to COVID-19: PBO
Finances could be helped by an economic recovery that would help lessen the red ink.
Ontario introduces $17B COVID-19 package; more than doubles deficit
Spending boost includes a $1-billion COVID-19 contingency fund for hospitals, and more personal protective equipment for front-line workers.
Quebec billionaire Lawrence Stroll acquires stake in Aston Martin
Under an agreement announced Jan. 31, the group led by Stroll will inject $316 million to acquire a 16.7% stake in the automaker
Liberals’ fiscal update shows billions more in deficits but steady economy
Finance Department said the deeper deficit is largely driven by changes to how employee pensions and benefits are calculated.
Morneau set to hear from provinces pushing for more financial help [UPDATED]
Five provinces will receive payments in the fiscal year that starts in April.
Canada’s top 1% saw fastest income acceleration, overall decrease in taxes
In 2017, those in the top 1% saw average income growth that year of 8.5% to $477,700.
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