Federal rent subsidy program for businesses hurt by COVID-19 begins
Will cover up to 65% of rent or commercial mortgage interest, extra 25% for hardest hit.
Canada, Britain beat Brexit with new trade deal, incorporates EU pact
Placeholder agreement buys the trading partners another year to reach a more comprehensive pact.
Canada’s labour unions could play big role averting ‘Buy American’ rules
Biden plans to ensure US workers and companies are first in line to reap the benefits of his economic recovery plan.
Trudeau to tout climate and trade at Asia-Pacific economic summit
…but Canada’s tensions with China and the US-China dispute threaten to overshadow the meeting.
Canada-Britain trade talks in final stages as tariff deadline looms
Would prevent tariffs on Canadian products from seafood to steaks and autos.
Spending restraints shouldn’t be jettisoned because of pandemic
Former budget watchdog says government should move away from spending to stimulate the economy as conditions improve.
SMEs certain about uncertainty, but confident: Amex
Cash flow remains pressing threat for companies despite optimism.
Wholesale sales rose 0.9% in September: Statistics Canada
Sales in the food, beverage and tobacco subsector increased 3.6% to $12.4 billion, highest increase since March.
Government contracts for US companies only: Biden
Buy American plan includes a specialized office within the White House to enforce and oversee measures.
ASEAN, China, other partners sign world’s biggest trade pact
Accord will take already low tariffs on trade between member countries still lower, over time, and is less comprehensive than CPTPP.
China congratulates Biden, but few US policy changes seen
Widespread frustration with Beijing’s trade and human rights record and accusations of spying and technology theft.
Pandemic spending leaves Quebec with $15B deficit for fiscal 2020-2021
Economic update predicts $30 billion in deficit spending over three years to manage the effects of the pandemic.
USMCA makes working class Americans integral to future US trade policy
Biden will be focused on ensuring domestic investments, procurement efforts and tax policy generate benefits for those left behind by the global economy.
Senators set to question Freeland on rent relief, business aid bill
C-9 would extend the federal wage subsidy until next summer, cancelling a previously planned reduction.
Martinrea says recent union deals could boost Canadian manufacturing
$5 billion-worth of investments announced this fall offers auto parts suppliers work to win.