Business

An Introduction to Canadian Industries

Canada is the second largest country in the world and is divided into 10 provinces and three territories, each with a unique economy and culture. Because the Canadian landscape varies dramatically from...

Despite the Pandemic, Billionaires are Getting Richer According to Latest Reports

On October 7, on the CNN news site, there was a post about billionaires saying their assets reached a new record high in the middle of a pandemic when technology stocks recovered.

The Government of Canada and Ontario Announces $590 Million Investment to Support the Ford Oakville Plant to Produce Electric Cars

On Thursday, October 8, Prime Minister Justin Trudeau and Ontario Premier Dough Ford attended a press conference to announce details of their plans to each spend $295 million to help Ford upgrade its...

The Global Economy Slowed Down from Recovery to Recession Amid Second Waves of the COVID-19 Pandemic

On the first day of October, BNN Bloomberg posted a warning from Wall Street economists that the global economy was slowing down from recovery to recession. Some US $ 20...

Applications for New Federal Government Recovery Benefits Opens October 5 After CERB Expires

As the second wave of the COVID-19 pandemic hits some parts of the country, Canadians continue to struggle with the aftermath of the pandemic and can now begin applying for three new benefits...

Canada Revenue Agency Says Delayed CERB Payments Will Be Deposited by This Weekend

As recipients of the Canada Emergency Response Benefit (CERB) expressed their frustration and worries on social media following “missed” payments, the Canada Revenue Agency (CRA) responded to clear up concerns. 

Federal Government Announces $37B COVID-19 Aid Package Extends CERB, Expands EI and Adds “Recovery” Benefits

On Thursday afternoon, the federal government announced it is extending the Canada Emergency Response Benefit (CERB) by one more month and revamping the employment to allow more people to receive the financial assistance...

Ontario’s Projected Deficit Expected to Grow To $38.5 Billion As Province Reports Additional 95 New Cases of COVID-19

During a fiscal update from the provincial government at Queen’s Park Toronto today, the Ontario government announced its revised budget projections which outlined an increase in the budget deficit due to the ongoing...

Ontario Reports Highest Number of New COVID-19 Cases in More Than a Week as Windsor-Essex Region Enters Stage 3 Reopening

After seven consecutive days of reporting less than 100 new cases of COVID-19, the province is recording more than 100 new infections to the start of the week of August 10, 2020. 

Windsor-Essex Stays in Stage 2, Social Circles of 10 People Will Remain Until Next Year, As Ontario Reports 91 New COVID-19 Cases

Over the Civic Holiday Long Weekend, Ontario reported lower than 100 new cases of COVID-19 during the past two days with 88 cases on Monday and as many as 91 new cases today. 

Toronto and Peel Region Moves to Stage 3 of Reopening as Ontario Reports Lowest Single Day Increase in COVID-19 Cases Since March

On Wednesday morning, as promised from Premier Ford and the Ontario Government last week, the province had decided to allow Toronto and Peel Region to move ahead to Stage 3 of Ontario’s Reopening...

Hundreds of Thousands of Canadians May Receive a Tax Break for Working from Home During Pandemic

Since the pandemic began and workplaces began to close in the middle of March, hundreds of thousands of Canadians have been working from home and could be eligible for a tax deduction. 

Toronto, Peel, and Windsor-Essex Stays in Stage 2 As Remaining Regions Approved for Stage 3 Reopening

In the latest updates from the Premier Doug Ford and the Ontario Government, Toronto, Peel Region (which includes Brampton, Mississauga, and Caledon), and the Windsor-Essex regions are to stay in Stage 2 of...

Federal Government Announces Funding of $19 Billion for Safe Restart of Economies in the Provinces and Territories

On Thursday afternoon, Prime Minister Justin Trudeau announced that the federal government, provincial and territorial governments have reached a deal if $19 billion in funding to help reopen economies across Canada amid the...

PM Trudeau Announces Federal Wage Subsidy Program to Be Extended to December As Canada-US Border Remains Closed

During his press conference on Monday, Prime Minister Justin Trudeau announced that the federal government’s wage subsidy program for businesses will be extended till December. The program which covers 75...

PM Says He “Made a Mistake” in WE Charity Student Grant Contract as the Charity Tries to Set the Record Straight

Earlier on Monday morning during the press conference from Rideau Cottage, Prime Minister Justin Trudeau apologized to Canadians saying he “made a mistake” in not removing himself from cabinet conversations about the student...

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