Economy
Pandemic could shrink global economy almost 1% in 2020: UN
Decline could be even deeper if restrictions on economic activities extend into the third quarter.
Trump’s push to open economy could come at cost of lives
Claims the real people want to get back to work ASAP, critics say he’s presenting the nation with a false choice.
G20 leaders to meet virtually to co-ordinate virus response
Meeting comes amid criticism the world’s wealthiest countries are not doing enough to combat the virus or its economic impact globally.
COVID-19 sapping the confidence of small business
CFIB Business Barometer tumbles 29 points to historic low in March.
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Trump intends to reopen country in weeks, not months
Contrary to experts that warn the highly infectious disease is certain to spread.
No unilateral powers for feds to spend, borrow, tax during virus crisis
Government proposes sweeping new powers for up to 21 months act unilaterally without seeking Parliament’s approval.
Quebec to close non-essential businesses until April 13
COVID-19 cases spike, manufacturers of food and medical supplies among the essential.
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Consider travel restriction exemptions, border state senators urge Trump
Don’t want supply chains and workforces compromised domestically and across the US border.
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Ontario ordering non-essential businesses to close
Begins March 24 at 11:59 p.m. and will be in place for at least 14 days.
Trudeau promises $82B in economic supports for COVID-19 fight
Financial aid package is equivalent to about 3% of Canada’s gross domestic product.
Canada, US working on mutual deal to restrict non-essential travel
Exceptions could include mission-critical truck drivers, airline crew members and health-care workers.
Canada to avoid technical recession despite hit: Conference Board
Forecast of 0.3% economic growth in 2020 followed by a rebound to 2.5% in 2021.
Chinese company abandons $1.8B Arkansas paper mill plan
Cites political friction, economic instability and the coronavirus outbreak as reasons for walking away from the project.
Federal Liberals to deliver 2020 budget on March 30: Morneau [UPDATED]
Outbreak of the novel coronavirus has changed some spending plans.
MPs should seek ‘clarity’ from government on Trump tariff retaliation: PBO
Government is holding an extra $105 million collected on US steel and aluminum during the trade fight with the Trump administration.
