Manufacturers’ output down, expected to last months yet: CME
Half of survey respondents say production is down between 25% and 50%, more than 50% for a quarter of companies.
Business with China declined amid tensions, trade war and COVID-19
43% of Canada China Business Council survey respondents reported business was down in 2019-2020 period following a record 2018.
Economic shock from COVID-19 leading to higher indebtedness: Poloz
Can lead to slower growth, make it more difficult for the central bank to hit its 2% inflation target in the future.
Chamber of commerce brings accounting expertise to SME’s and others
For four weeks from May 25 with support from 125 business advisors across the accounting profession.
MPs told to use pandemic to stop brain drain as CERB payments top $40B
Government should create a program to put Canadian innovation students to work domestically, says Council of Canadian Innovators chair.
CRA extends some trust and corporate filing deadlines
Businesses allow to defer T2 returns otherwise due in June, July or August, to Sept. 1.
More small companies are back to business: CFIB
Alberta, Manitoba and New Brunswick lead the way with companies fully open.
COVID-19 hasn’t dented Canadians’ outlook on employment
Still confident in themselves and the social safety net as the impact of the pandemic set in.
Annual inflation rate turned negative in April: Statistics Canada
Overall drop was the first year-over-year decline in the CPI since September 2009.
COVID-19 is exposing Canada’s economic vulnerabilities: experts
Further exposed dependence on purchasing goods and technology offshore with profits from primary resource industries.
As US, Europe reopen more, big nations see rising virus toll
Russia and Brazil now sit behind only the US in the number of reported cases, spiking from Mexico to India.
China uses trade as weapon to silence virus criticism
Some Australian beef imports blocked after government called for a robust inquiry into the outbreak and rebuffed Chinese demands to back off.
Dumping protection: SIMA amendments take on trade cheats
Manufacturers are empowered to deal with unfair foreign competitors more effectively.
Small business confidence is rising, but half are in bad shape: CFIB
39% of manufacturers describe the general state of their business health as bad.
Trump presses for schools to reopen, takes dig at Fauci
President accused Fauci of playing “all sides of the equation; is he tiring of the nation’s top infectious diseases expert?
Norway’s wealth fund excludes oil sands investments over GHG emissions
Canadian Natural Resources, Cenovus Energy, Suncor Energy and Imperial Oil are out.
Canada and the US working on extending border closure
Too early to lift the restrictions, which are set to expire next week.
Non-medical masks help when physical distancing not possible: Tam
She also cited the need to ensure that the standards of care in seniors’ residences are improved.
Kenney slams China’s handling of COVID-19, urges NA ‘onshoring’
Alberta premier says a “great reckoning” is coming for playing down, obfuscating and covering up the dangers posed by the virus.
China suspends penalties on more US goods in trade truce
Covers 79 types of goods including radar sets, disinfectant and rare earths minerals.
Increased border traffic likely as Canada, US economies reopen: Freeland
Discussions about when and how to begin easing those restrictions between Canada, the US and provinces are ongoing.
Oilpatch welcomes federal aid despite climate change condition
Toews says companies shouldn’t face problems with the requirement to help meet federal climate change commitments.
Manitoba Hydro laying off up to 700 workers to save costs
Utility expects $11 million in savings to help support the government’s fight against COVID-19.
China pushes back against efforts to get Taiwan access at WHO
Canada and other nations have called on the WHO to give Taiwan observer status at an upcoming meeting.
Feds pledge COVID-19 financing help for biggest companies
Loans begin at $60 million for companies that have gone to banks or the market and were unable to meet financial needs.
UN says 8 `top’ candidates for a COVID 19 vaccine exist
Accelerated effort is under way, helped by $8 billion pledged by leaders from 40 countries.
EU forecasts ‘recession of historic proportions’ this year
The pandemic is expected to cause the deepest recession in living memory
Coronavirus is changing the rules on foreign investment in essential areas
Pandemic adds new dimensions to concerns that will have global ramifications for FDI and trade flows.
Trump tours, touts mask factory but no mask for him
Determined to see an easing of stay-at-home orders, despite coronavirus remaining a dire threat.
Most Canadians comfortable with pace of easing restrictions: poll
Between 60% and 70% are supportive of moves, while 16% to 30% would like to see their government slow down.
Feds to unveil emergency aid for agri-food sector hit hard by COVID-19
Farmers are making decisions about whether to plant crops, culling livestock because of reduced meat processing capacity.
Trudeau takes part in EU’s COVID-19 virtual pledging conference
US a no-show, Britain’s envoy to Canada says the distribution of a new COVID-19 vaccine can’t be a competitive process.