Covid-19 Wage-Subsidy Program To Be Extended Beyond June, Trudeau Promises


A timely reminder of what a government-backed company bailout actually looks like — it’s not pretty: Kevin Carmichael



Kevin Carmichael: There is little evidence that Canada’s version of Big Oil is ready for the medicine that was force-fed to GM and Chrysler a decade ago

Google, Facebook tell staff to plan to work from home for the rest of the year: Bloomberg News



The edicts from the internet giants come as states and corporations grapple with ways to reopen as the virus pandemic rages on

The third phase of CERB is about to start: Here’s what you need to know: Jamie Golombek



Jamie Golombek: If you suspect you may soon be working again, you may want to think twice before deciding to reapply for another CERB payment

COVID-19 wage-subsidy program to be extended beyond June, Trudeau promises: The Canadian Press



Announcement comes as new report from Statistics Canada shows almost two million more Canadians have lost their jobs

As Shopify passes RBC to become No. 1, the Canada market curse gets put to the test: Bloomberg News



Those that leapfrogged the value of Canada's largest bank in the past have faltered — think Valeant, BlackBerry and Nortel

Statistics Canada says it is probing leak of April jobs data half an hour before official release: Reuters



Data leaks of this magnitude are virtually unheard of in Canada

What investors can learn from B.C.’s superstar provincial health officer: Tom Bradley



Tom Bradley: Dr. Bonnie Henry's intelligence, fortitude, empathy and calmness are perfect attributes for a financial advisor

TD Bank warns it’s expecting $1.1 billion in loan-loss provisions for U.S. unit: Bloomberg News



TD also said it will have about $600 million of set-asides tied to U.S. credit cards

‘It’s all a mess’: Pandemic driving businesses to bankruptcy brink, and complicating restructuring efforts: Vanmala Subramaniam



'You can’t have a going out of business sale when you can’t get your business open'

Canada lost almost two million jobs in April; jobless rate soars to 13%: Reuters



The loss of 1,993,800 comes on top of more than one million jobs lost in March

‘Prisoners of their property’, couple owing $763,000 on five mortgages need to sell home to spend winters in Central America: Andrew Allentuck



Even then expenses would exceed income so cost cuts needed

Howard Levitt: We are going to see wrongful dismissal cases in numbers eclipsing what we have witnessed before: Howard Levitt



Many businesses will not recover and others have laid off employees they never intended to call back

Five ways to successfully manage and lead teams working remotely: Postmedia



The reality is that we could all use a bit of help when it comes to adapting to this new work environment.

Home Capital sees profits dip as loan losses from economic downturn loom: Geoff Zochodne



Provisions for credit losses were $30.2 million, an increase of 397.9 per cent from a year earlier

Home Capital sees profits dip as loan losses from economic downturn loom: Geoff Zochodne



Provisions for credit losses were $30.2 million, an increase of 397.9 per cent from a year earlier

What Tiff Macklem will bring to the Bank of Canada in a time of crisis: Larysa Harapyn



Financial Post columnist Kevin Carmichael talks to Larysa Harapyn about the decision to appoint Tiff Macklem as incoming Bank of Canada governor

Case studies in survival: How three businesses are holding up through the economic shutdown: Vanmala Subramaniam



Business owners we first spoke to in April say loans are providing buffers, paying rent is an issue and the mental health toll is increasing

Brookfield launches $5 billion ‘retail revitalization’ program to prop up retailers hit hard by pandemic: Bloomberg News



Brookfield, known for its contrarian bets on malls, will take minority stakes in struggling retailers

Shoe chain Aldo seeks bankruptcy protection to restructure debt: Bloomberg News



Shuttered stores worsened Montreal-based company’s already struggling business

Canadian Tire reports rise in sales as customers buy more online: Reuters



Canadian Tire's online sales rose 80 per cent in the first quarter ended March 28 and overall, by 44 per cent



[news curation]@wakanda-forever



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