Toronto stock index up at mid-morning, U.S. markets down on retail figures

TORONTO — Canada's main stock index moved higher in mid-morning trading after dipping into the red at the open, while U.S. markets were down as retail and industrial numbers...

COVID-19 shutdown affects nearly 2.2 million workers in Ontario, watchdog says

TORONTO — Ontario's fiscal watchdog says about one in three workers in the province has been affected by the economic shutdown caused by the...

Companies already in financial trouble face CCAA reckoning as COVID-19 drags on

TORONTO — Olivier Benchaya knew from early in the COVID-19 shutdown that Canada's business community was headed for significant upheaval, but even weeks later,...

Bank of Canada warns in report of business, household debt from COVID-19

OTTAWA — The Bank of Canada says there are signs in the country's financial markets that suggest concern about the ability of companies to...

North American stock markets open trading day lower, loonie down

TORONTO — Canada's main stock index plunged at the start of trading as stocks in the key financial and industrial sectors sank lower, while...

COVID-19: FedNor launches Regional Relief and Recovery Fund to support local economies

Businesses across Northern Ontario unable to access existing relief measures can now apply for funding under new initiative May 13, 2020 – Sault Ste. Marie,...

Trudeau cites uncertainty around pandemic as reason for budget delay

OTTAWA — Prime Minister Justin Trudeau isn't saying when his government will provide a budget or fiscal update, citing economic uncertainty around COVID-19. The government's...

Indigenous group files legal challenge over ‘inadequate’ COVID-19 funding

OTTAWA — An national Indigenous organization that represents First Nations, Inuit and Metis living off-reserve and in urban centres is taking the federal government to...

Losses in the financial sector weigh on S&P/TSX composite, U.S. markets fall

TORONTO — Losses in the financial sector weighed on Canada's main stock index, which posted a triple-digit decline in early trading. The S&P/TSX composite index...

Feds pledge one-time benefit top-up to seniors in COVID-19 aid

OTTAWA — The federal government is giving seniors a one-time, tax-free top-up payment to help manage extra costs associated with COVID-19. Seniors Minister Deb Schulte says...