Getting house in order top priority for Canadian businesses: BDC
Indebted businesses more ‘fragile’ than during 1st wave, Business Development Bank of Canada economist warns.
EU says that no deal Brexit becoming ever more likely
Negotiators have less than four weeks to broker a deal that must go through a lengthy approval process.
US, Australia, India, Japan to discuss China’s growing power
First in-person talks among the foreign ministers since the coronavirus pandemic began.
Business economists see coronavirus as biggest risk: US survey
The panel expects 2020 GDP to decline 4.3%, first full-year contraction since a 2.5% fall in 2009 as recession ended.
EU takes legal action against UK over planned Brexit bill
Calls it a breach of the obligation of good faith laid down in the “Withdrawal Agreement.”
O’Toole lambastes Liberals over handling of pandemic
Called the government’s slow and at times completely wrong approach, left too many people behind.
New Ontario COVID-19 modelling as Quebec braces for new restrictions
Projections predict daily new case counts in Ontario could reach 1,000 while Legault clams down on gatherings.
Economic rebound slows, economy grew 3% in July: Statistics Canada
Manufacturing grew 5.9% in July, following a 15.1% expansion in June as more operations ramped up production.
Trump vs. Biden: debate showdown a battle for America’s soul
Topics include the pandemic, the economy, the Supreme Court, social justice issues and the integrity of the voting process.
Worldwide death toll from coronavirus eclipses 1M nine months in
Figure is almost certainly a vast undercount because of inadequate or inconsistent testing and reporting and suspected concealment.
Hiring marginalized workers could jump start economy: Deloitte
More workers needed to get the economy chugging fast enough to pay for climate change initiatives and government investments.
Survey of employers projects more salary freezes ahead
Average increase about 1.6% including freezes reported by 13% of firms; down from a 2.4%in 2019.
Quebec alert levels rise, Ontario declares second COVID-19 wave
Ford announces 700 new cases reported – the highest daily increase since the start of the health crisis.
Ottawa pitches in $320M to help NL offshore oil sector
The province is creating an oil and gas sector recovery task force.
COVID-19 accelerating automation bigger risk for women: StatCan
44% of women likely to face a moderate to high risk, compared with nearly 35% for men.
Economic freedom on the wane worldwide
Policy response to COVID-19 has put more of the economy into government hands, threatening economic freedom globally.
Small business 12-month outlook holds at 59.2 on CFIB index
Three-month Business Barometer outlook considerably more pessimistic at 39.7 over the year-long outlook.
Liberals plan fund to spur green technology, jobs
Plans to spend on building retrofits, clean energy and production of electric vehicle.
Rekindle efforts with Canada, allies on Pacific Rim plan: Congressman
Says the renegotiated NAFTA offers a model for resurrecting the Trans-Pacific Partnership.
Small business faces unsustainable slow recovery if sales crawl
CFIB says with current slow recovery, businesses will take a year and five months to return to normal sales.
Canada’s economic revival requires a broad strategy
A narrow focus on the green/clean sector won’t get the job done.
Senators pressure on Liberals to enshrine Senate reforms into law
Independents hoping for a promise in the upcoming Speech from the Throne.
Singh blasts Trudeau, O’Toole for helping big business during pandemic
…but not aiming for an election, wants the Liberals focus more on working people than on bigger corporate interests.
Partial closure of Canada US border extended to Oct. 21
Continued restriction to trade goods, essential workers and citizens returning home.
Details released on $19B anti-COVID-19 spending as cabinet retreat wraps
Funding will help increase testing and contact tracing, support the health care system, ensure PPE supply.
US abruptly lifts tariff aimed at Canadian alumunium
…but they’re still on the table, as are threatened Canadian countermeasures.
China warns US over US-Taiwan economic talks
…to avoid serious damage to China-US relations and ‘peace and stability across the Taiwan Strait.’
COVID-19 controls tightened as cases rise, possible second wave looms
Epidemiologist says Canadians should brace for more restrictions and shutdowns if virus cases continue to rise.
Manitoba job program will be extended another two months: Pallister
Back To Work program offers money to businesses that hire new staff or rehire people who have been laid off during the pandemic.
Trump revels in packed Michigan crowd amid book fallout
Pushback from local officials worried about the growing size of his rallies and flouting of public health COVID guidelines.
Biden visits manufacturing heartland to curry favour with blue collar voters
Here we go again Canada, Democrats use protectionist rhetoric to appeal to working-class voters who helped send Trump to Washington.
Transcontinental benefits from short-term wage subsidy
Most of its revenue decline was in printing, which services newspaper and flyer producers.