Feds’ multi-billion dollar aid package for Air Canada to have consumer focus: source – National

A multi-billion dollar relief package set to be announced for Air Canada on Monday will have a focus on customers and consumers, Global News has learned. According to a source familiar with the package’s details, the agreement will not be a straight bail-out for the airline. News of the package’s finalization was first reported […]

Quebec immigrant advocacy groups call for more pathways to permanent Canadian residence – Montreal

A coalition of immigration rights organizations gathered in Montreal on Saturday to demand an easier and faster track to permanent work status in Canada. Many of those who attended the demonstration are temporary foreign workers, asylum seekers and international students who all want permanent status in Canada but feel there is too much red […]

COVID-19 opened ‘window of political opportunity’ to implement national childcare: Freeland – National

Finance Minister Chrystia Freeland on Thursday stressed the importance of childcare and early education, saying that the emergence of the COVID-19 pandemic has created a “window of political opportunity” to tackle Canada’s lack of a national childcare plan. Freeland, who also serves as deputy prime minister of Canada, made the comments during a virtual […]

G20 to boost IMF reserves, COVID support for vulnerable countries – National

World finance chiefs will agree on Wednesday to boost reserves at the International Monetary Fund by US$650 billion and extend a freeze on developing countries’ debt servicing to help them deal with the coronavirus pandemic, a draft statement said. The draft, seen by Reuters, also showed finance ministers and central bank governors of the […]

U.S. treasury secretary calls for minimum global corporate income tax – National

U.S. Treasury Secretary Janet Yellen on Monday urged the adoption of a minimum global corporate income tax, an effort to offset any disadvantages that might arise from the Biden administration’s proposed increase in the U.S. corporate tax rate. Citing a “30-year race to the bottom” in which countries have slashed corporate tax rates in […]

Quebec’s Lebanese community worried about families as Lebanon grapples with economic, health crisis – Montreal

Quebec’s Lebanese community says it is in constant worry over family members back home as the country deals with its worst economic crisis in its modern history. “The Lebanese diaspora in Montreal is doing everything it can to help — sending money, donating to local organizations, even trying to send over medication to their […]

Canada should be ready to weather any export issues to deal with China: O’Toole

By The Staff The Canadian Press Posted March 29, 2021 4:40 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ Conservative Leader Erin O’Toole says Canada has to work closely with its allies to counterbalance China’s actions while […]

Freighter blocking Suez Canal could have ‘critical impact’ on global trade: experts – National

Friday’s maritime traffic on the Suez Canal has now grown to over 200 backlogged ships — 30 of which are oil tankers — ever since the major shipping passage was first blocked by a container vessel that ran aground earlier this week. According to data firm Refinitiv, another 100 ships are still en route towards […]

Myanmar’s economy could shrink 10% due to military coup unrest: World Bank – National

Myanmar anti-coup protesters staged more rallies on Friday after the military reportedly shot dead nine people a day earlier and as the World Bank warned the country’s economy could slump 10% this year due to the turmoil. In a bid to increase pressure on the junta over the Feb. 1 coup, the United States […]

U.S. Fed sees economy accelerating in 2021, but maintains near-zero rate outlook – National

The Federal Reserve foresees the economy accelerating quickly this year but still expects to keep its benchmark interest rate pinned near zero through 2023, despite concerns in financial markets about potential higher inflation. The Fed also said Wednesday that it foresees the economy growing at a 6.5 per cent pace this year, up from […]