OTTAWA — More than 300,000 out-of-work Canadians successfully applied for pandemic-related emergency relief in the first few hours after the application process began Monday, and Ottawa says it will soon change the rules to let hundreds of thousands more access the help. Prime Minister Justin Trudeau did not say how many people have thus far not been [...]
The company hopes that this information would help officials in respective countries “understand changes in essential trips that can shape recommendations on business hours or inform delivery service offerings.” Google on Friday published the COVID-19 Community Mobility Reports for 131 countries to show how the lockdown owing to the coronavirus outbreak has affected the [...]
(Reuters) - Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic deepens, according to the Canadian Bankers’ Association. Since the banks announced a plan to provide financial relief over two weeks ago, almost 500,000 requests to skip or [...]
San Francisco The novel coronavirus pandemic can wipe out more than $44 billion in global ad revenue for the tech giants Facebook and Google in 2020 as digital advertising runs dry, a new report has predicted. According to global investment bank and financial services company Cowen & Co., Google’s total net revenue is projected [...]
(Reuters) - The death toll from the coronavirus pandemic continued to rise on Thursday, after the World Health Organization said the global case count would reach 1 million and the death toll 50,000 in the next few days and economic pain deepened with another record week of jobless claims in the United States. DEATHS, [...]
NEW YORK (Reuters) - The dollar rose for a second straight day against a basket of currencies on Thursday as investors, worried about the prospect of a global recession continued to take shelter in the greenback. U.S. jobless claims in the latest week soared to a record level, yet the dollar’s reaction was tepid [...]
(Bloomberg) -- Oil soared after U.S. President Trump said that he expects Saudi Arabia and Russia to cut production back by 10 million barrels or more after he spoke with Crown Prince Mohammed Bin Salman on Thursday. It wasn’t clear if Trump meant 10 million barrels a day, but the announcement caused West Texas [...]
The videoconferencing app Zoom has come under fresh high-level scrutiny as its popularity soars during the coronavirus pandemic. New York's attorney general has written to the firm raising concerns over its ability to cope with the rise in users. Zoom is now being used by millions of people for work and leisure, as lockdowns [...]
OTTAWA — Prime Minister Justin Trudeau and Conservative Leader Andrew Scheer are among the MPs who are promising to donate an automatic increase in their salaries to charity, as the COVID-19 pandemic ravages the economy and puts thousands of Canadians out of work. The raise goes into effect today, as does the latest increase [...]
The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government [...]