economy

Oil price goes negative as demand collapses; stocks dip

Brent crude, the international standard, was down $1.78 to $26.30 per barrel

E-commerce giants offer cash advances, waive fees and more amid COVID-19

The moves come as companies across Canada are struggling to stay afloat

Bank of Canada keeps key interest rate target at 0.25%, early data shows economy plunged

The central bank says the downturn tied to COVID-19 will be the worst on record

More older Canadians die as COVID-19 toll passes 800; economy could shrink 6.2%

Ninety per cent of the deaths so far have been among those aged 60 and above

March job losses just ‘a tiny snapshot’ of full impact of COVID-19: B.C. professor

Some sectors and demographics likely to be hardest hit

Canada lost 1,011,000 jobs in March, unemployment rate up to 7.8%: StatCan

Unemployment rate hits levels not seen since 2010

Business outlook soft even before shock of COVID-19, Bank of Canada says

Over the last two weeks, more than two million people have applied for employment insurance benefits

Liberals delay release of 75% wage subsidy details, costs: Morneau

Program will provide up to $847 per week for each worker

Crucial details of Ottawa’s proposed wage subsidy program expected today

The government has rolled out a bailout package totalling more than $200 billion

Bank of Canada cuts key interest rate target to 0.25%

Bank governor Stephen Poloz said the goal of the decision Friday is to restore market functioning

Ottawa seeking lower credit card interest rates amid COVID-19 crisis

Lower-interest credit could be made available for Canadians

North American stock markets open higher after strong showing Tuesday, loonie up

The Canadian dollar traded for 69.88 cents US compared with an average of 69.01 cents US on Tuesday

North American stock markets start the trading week down, loonie falls

S&P/TSX composite index was down 225.93 points at 11,625.88, shortly after the start of trading

COVID-19: It could take 3 years for stock market to recover, says B.C. economist

But true financial impact will depend on how long pandemic lasts

Canada’s main stock index hits 52-week low amid COVID-19 worries, drop in crude oil prices

In New York, the Dow Jones industrial average had its worst day since 1987

North American stock markets plunge again, loonie down, commodities fall

The drop in North American stock markets came after markets in Asia and Europe also fell

Economists predict recession coming due to COVID-19 and plunge in oil prices

Two consecutive quarters of negative growth is considered a recession

Toronto’s S&P/TSX composite down more than 1,400 points, U.S. markets fall

The drop in Toronto and on U.S. markets was large enough to trip circuit breakers that forced a pause in trading

Think before you buy or sell stocks amid COVID-19 market turmoil, B.C. professor urges

The stock market plunged and shot back up within 48 hours

North American stock markets surge higher in early trading after crash on Monday

Stock markets nose-dived on Monday as crude oil prices sank to a four-year low