Tag Archives: business

TORONTO - It's as if the COVID-19 epidemic had tripped a circuit breaker, shutting off all power to a city the size of Ottawa. Virus-induced restrictions that have shut down large swaths of normal com...

DETROIT - President Donald Trump issued an order Friday that seeks to force General Motors to produce ventilators for coronavirus patients under the Defence Production Act. Trump said negotiations wit...

OTTAWA - Parliament's budget watchdog is projecting that the federal deficit for the coming fiscal year could be $112.7 billion, a jump of $89.5 billion from previous forecasts as government spending ...

OTTAWA - Canada's central bank made yet another unscheduled rate cut Friday to bring its key interest target down to a crisis-level low, and the federal government upped its financial l...

With many businesses forced to close under new restrictions from the Saskatchewan government, some have managed to switch gears completely to keep running. Chris Lech with Denson Commercial Food Equip...

Wall Street closed lower Friday but still notched big gains for the week as investors held out hope that a $2 trillion rescue package will cushion businesses and households from the economic devastati...

DUBAI, United Arab Emirates - The head of the United Nations told leaders of the world's 20 major industrialized nations during an emergency virtual summit Thursday that "we are at war with a virus - ...

OTTAWA - The newly created benefit for workers whose livelihoods are affected by COVID-19 may be a model for how the federal government helps unemployed Canadians in the future, Employment Minister Ca...

WASHINGTON - The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for some time as the country endures a sharp...

OTTAWA - The federal government is asking banks and credit-card companies to lower interest rates for Canadians, many of whom are struggling financially because of the COVID-19 pandemic. The gove...