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.
Trudeau expects trade deal with UK can be done before 2021
Says a deal should be relatively straightforward to manage even as the UK lurches toward its official exit from the EU.
Extra income for hard hit workers may not last post-pandemic: PM
Government is watching to see how things play out before deciding on its next move.
Bidenomics: More stimulus, tougher regulation, and gridlock
Biden’s view of most economists: until the virus is controlled, the economy cannot fully recover.
FedDev Ontario provides $6M for Windsor-Essex manufacturers
Funding is also leveraging more than $22.4 million in additional investments in the region.
Federal government still working on investments in Fiat Chrysler, GM
Open to working with other automakers who submit plans to increase their footprints in Canad
Biden win bad news for Keystone XL, but new relationship with Canada
Better aligned with Canada’s federal stance on climate change, could make Canadian companies more competitive with their US peers.
Trudeau first leader to talk to US president-elect Joe Biden
They discussed COVID-19, climate change, fighting anti-Black racism and China’s detention of the two Michaels.
Freeland grilled over cost of pandemic aid, House fast-tracks rent relief bill
Finance minister refused to provide any new numbers about the size of this year’s deficit.
Alberta auditor general flags $1.6B in government accounting blunders
Says the errors have been or are being corrected by the United Conservative government.
Ford government to present first pandemic budget, next steps for recovery
Will include a new standard for long-term care: nursing home residents receive an average of four hours of direct care daily.
Feds invest $100M to spur job creation in Alberta and fight climate change
Programs will support industry, farmers, Indigenous people, researchers, small businesses and families to reduce emissions.
Canada’s drifting fiscal ship needs an anchor
The bottom line is clear: there has to be some limit to borrowing
Canada’s auto industry: Investment has slowed, electric vehicles beckon
There are challenges for the Canadian industry to overcome but also opportunities.
China tightens restrictions on Australian exports of timber, barley
Authorities also are delaying clearance for a $1.4 million shipment of live lobsters.
Pandemic pushes some Canadian companies to thrive, others to fail
Experts suggest the secret to resiliency could lie in the company’s overall attitude to innovation and technology adoption.
Strong manufacturing growth maintained in October: IHS PMI
Output levels increase at fastest rate in over two years, but sharpest rise in costs since November 2018 backlogs.
Quebec aerospace sector seeks federal financial boost
Looking for COVID help, report suggests investing in research and development projects