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Canadian banks to hand out interest-free loans to small businesses

(Reuters) - Small and medium-sized businesses in Canada, which have been affected by the ongoing coronavirus crisis, will be able to access interest-free loans of up to $40,000 to meet their cash requirements, according to the Canadian Bankers’ Association. Under the new federal plan, businesses will be able to apply for loans online and [...]


COVID-19: Global stocks jump on Fed stimulus, hopes pandemic is slowing

NEW YORK (Reuters) - Global equity benchmarks gained on Thursday following signs that governments and central banks are taking additional steps to bolster their economies as measures to slow the spread of the COVID-19 pandemic appear to be working. Oil futures surged again on expectations that Russia and OPEC countries were prepared to cut [...]


Canadian dollar weakens as coronavirus weighs on housing data

TORONTO (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Wednesday, giving back some of the previous day’s gains as domestic housing data showed signs of economic damage from the coronavirus outbreak. Canadian housing starts fell 7.3% in March from the previous month in a sign that the coronavirus outbreak began to [...]


COVID-19: Canadian companies making 30,000 ventilators, says Trudeau

OTTAWA _ Canada has ordered 30,000 new ventilators from domestic companies but Prime Minister Justin Trudeau said Tuesday he is hoping we don't end up needing nearly that many. Federal officials also said more than 230 million surgical masks and 75 million N95 respirator masks have been ordered but cautioned the global supply chain [...]


COVID-19: France heading for worst recession since WWII

France is facing its deepest recession since the end of World War II because of the widespread lockdown to stem the coronavirus crisis, Finance Minister Bruno Le Maire warned today. "The worst growth figure in France since 1945 was -2.2% in 2009, after the financial crisis of 2008. We will probably be very far [...]