COVID Pushed Canadian Retail Sales to Lowest Level on Record in March
byNew data focusing on the second half of March has now been released.
Finance
Half of Canadian Small Businesses Will Not Be Able to Pay June Rent: Survey
byWithout further assistance from the government.
Over 42,000 Jobs Will “Vanish” in Toronto Due to COVID-19: Report
byHowever, Toronto’s economy is expected to rebound next year with GDP growth of 6.2%.
Fewer Canadians Seeking Debt Relief During COVID Crisis
byThough consumer insolvencies are expected to spike in the wake of the pandemic.
Emergency Wage Subsidy Program Being Extended Past June: Trudeau
byIn an effort to encourage more employers to re-hire staff and kick-start the reopening of the economy.
Nearly 2 Million Canadians Lose Their Jobs in April, Unemployment Rate Rises to 13%
byToronto has lost more than half a million jobs since February.
Household Construction Spending Back to Pre-COVID Levels: RBC
bySo that’s what everyone’s been doing with their time.
Latest March Data Captures Devastating Impact of COVID-19 on Canadian Businesses
byNearly half of Canadian employers laid off 80% or more of their employees in March.
Ontario Frontline Workers Fighting COVID-19 to Receive Hourly Pay Increase
byAn additional $4 per hour for the next 16 weeks 👏
Canada Emergency Wage Subsidy Applications Open Today
byEligible small businesses can receive a 75% wage subsidy for their employees.