Resources for those facing hardship from coronavirus
The Canada Emergency Response Benefit may provide you with temporary income support. The CERB provides $500 a week for up to 16 weeks
Avenue Living raising wages of front-line employees
Residential rental company has about 10,000 suites and 20,000 residents in 19 markets across Alberta, Saskatchewan and Manitoba
Mixed reaction to federal emergency wage subsidy
29% of small business said it will help them avoid further layoffs or recall staff, 37% said it will not help them, while 21% are unsure
Athabasca Oil cutting corporate staff by 15%
Significant decline in oil prices combined with the economic uncertainty associated to the ongoing COVID crisis, says the company
Mortgage deferrals in Canada reach half a million
The cash flow freed up for Canadians from the deferrals completed to date is roughly $663 million per month, or nearly $2 billion per quarter
Canadian trade deficit narrowed in February
Imports of energy products fell 16 per cent in February, following a high observed in January. Crude oil imports were the largest contributor to the decline
Cenovus slashing capital spending by 43%
Move “to enhance its financial resilience in response to the low global oil price environment that is expected to continue for an unknown period.”
95,000 foodservice jobs lost in Alberta
If conditions do not improve, Restaurants Canada estimates that Alberta’s foodservice sales for the second quarter of 2020 will be down nearly $2.5 billion
Many of Canada’s energy companies are at risk
Saudi Arabia and Russia have embarked on a price war that has brought oil prices down to rock bottom levels, says Conference Board of Canada