Canada

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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 [...]

2020-04-09T17:02:57+00:00

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 [...]

2020-04-08T15:19:11+00:00

Keystone XL: Work starts in Montana on disputed Canada-US oil pipeline

BILLINGS, Mont. (AP) — A Canadian company said Monday that it’s started construction on the long-stalled Keystone XL oil sands pipeline across the U.S.-Canada border, despite calls from tribal leaders and environmentalists to delay the $8 billion project amid the coronavirus pandemic. A spokesman for TC Energy said work began over the weekend at [...]

2020-04-07T18:14:08+00:00

Ottawa expand eligibility for COVID-19 emergency-relief program

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 [...]

2020-04-06T17:13:49+00:00