Cancel Preloader

Tags : "economies"

EU economic overhaul could see grants replace loans to help

“This is Europe’s moment.” The speaker was Ursula von der Leyen, the president of the European Commission, the bureaucratic motor of the European Union. She was unveiling a vast program at the commission meeting on May 27, a program worth $1.12 trillion Cdn, to help European economies reeling from the COVID-19 crisis. The EU would […]Read More

Increased border traffic likely as Canada, U.S. economies reopen |

Deputy Prime Minister Chrystia Freeland says Canada and the U.S. are working on plans to deal with what she calls an inevitable increase in cross-border traffic as economies in both countries emerge from their pandemic-induced comas.  Freeland says traffic over the shared border is bound to increase as states and provinces reopen shuttered businesses and […]Read More

As provinces begin to reopen economies, Scheer says federal benefits

As provinces begin gradually to reopen their economies, the federal government is pleading with Canadians to continue respecting pandemic measures — while the opposition Conservatives are warning that federal emergency aid could discourage some people from going back to work. Conservative Leader Andrew Scheer said today that flaws in government support programs could “derail” provincial efforts to get […]Read More

As economies stagger, pressures grow to ease virus lockdowns |

The world’s economic pain was on full display Thursday as Europe and the United States were releasing more figures showing the devastating impact on jobs and companies of lockdown measures designed to battle the coronavirus pandemic. In Europe, where over 132,000 people with the virus have died, the fear of renewed infection spikes that could […]Read More

Govt’s fiscal response to be key driver of India’s re-rating:

What explains this massive cut in your growth guidance for India? We have cut our growth forecasts for 2020 across the board for all G20 countries. For the developed economies, we are now looking at 5.8% contraction and for emerging markets in the G20 excluding China, we are looking at 3.5% contraction. So it is […]Read More

BRICS Bank to loan up to $ 15 billion to

NEW DELHI: The BRICS is considering a proposal to set up a Vaccine Research and Development Centre as part of efforts to fight global pandemic and the New Development Bank could allocate up to $15 billion for loans to BRICS states to boost their economies. On Tuesday BRICS Foreign Ministers met through a video-conference and […]Read More

Ottawa offers rent relief for businesses as some provinces prepare

Prime Minister Justin Trudeau today announced a new rent subsidy program to help businesses forced to shut down due to the global pandemic, as some provinces begin to lay out plans to reopen their economies. The rent relief plan, to be funded jointly with the provinces, will provide non-repayable loans to commercial property owners to cover 50 […]Read More

Provinces will decide when to reopen their economies, Trudeau says

Now that Saskatchewan has announced its plan to slowly reopen its economy, pressure is mounting on Prime Minister Justin Trudeau and the federal government to roll out a strategy for restoring economic activity across the country. Today, Conservative Leader Andrew Scheer called on Trudeau to deliver such a plan. “Certain provinces have been able to flatten the curve and are […]Read More