BDC ready to roll with loans for mid-sized companies hit hard by COVID-19

OTTAWA — Mid-sized Canadian businesses that are strapped for cash because of COVID-19 can now apply through their own banks to get loans of...

Prices faced by consumers rising faster than inflation rate, BoC deputy says

OTTAWA — The prices Canadians have reported paying for goods and services have been rising more than the official inflation rate, a senior Bank of...

Federal deficit could hit $256 billion, PBO says in new report

OTTAWA — The parliamentary budget officer says in a new report that this year's federal deficit could hit $256 billion due to the COVID-19 pandemic. The result, posted this...

Providing for aging loved ones requires knowledge of resources, experts say

TORONTO — COVID-19's devastating impact on seniors in the months since the virus became a global menace has many Canadians wondering what can be done to...

North American stock markets open trading day lower, loonie moves down

TORONTO — Canada's main stock index fell in early trading, weighed down by losses in the financial sector, while U.S. stock markets also moved...

Federal economics and fiscal ‘snapshot’ coming July 8: Trudeau

OTTAWA — Prime Minister Justin Trudeau is promising to deliver a "snapshot" of the federal government's finances in the House of Commons July 8. The Liberals...

S&P/TSX composite edges lower in early trading as oil slips, U.S. stocks up

TORONTO — Canada's main stock index edged lower in early trading as the price of oil fell and the energy sector moved lower, while...

Ontario drivers see average of $150 savings; minister says more should be done

TORONTO — Insurance companies have provided $685 million in relief to Ontario drivers using their cars less during the COVID-19 pandemic, but the province's...

Bank of Canada has no immediate intentions to raise interest rates, Macklem says

OTTAWA — Canada's new top central banker says the Bank of Canada has no intention to raise interest rates given the current economic circumstances...

Non-mortgage debt falls for first time in more than a decade in Q1, Equifax...

TORONTO — Credit rating agency Equifax Canada says consumer average non-mortgage debt dropped for the first time in more than a decade in the first...

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