Small businesses may be the engine of the economy, but they’re often overlooked by governments and big businesses. That is why the Canadian Federation of Independent Business (CFIB) was founded—to represent the interests of small businesses, provide information and advice when they need it and negotiate with big providers on their behalf [...]
The COVID-19 pandemic has demonstrated the need for organizations to be agile, collaborative and responsive, and to embrace new ways of working, says Alison Pozzobon, Head of Corporate Communications and Community Partnerships at GlaxoSmithKline (GSK) Canada. The global healthcare company has responded to that need by establishing four pillars for itself: charitable donations to [...]
WASHINGTON (Reuters) - The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the novel coronavirus almost shut down the country, ending the longest expansion in the nation’s history. The drop in gross domestic product (GDP) reported by the Commerce [...]
(Reuters) - Facebook Inc (FB.O) beat analysts’ estimates for quarterly revenue on Wednesday, and said it has seen signs of stability in ad spending during the first three weeks of April. Shares of the company, which owns WhatsApp and Instagram, were up 9% in extended trading. Advertisers have pulled or cut marketing budgets to [...]
(Reuters) - Tesla Inc (TSLA.O) on Wednesday posted its third quarterly profit in a row, but said the novel coronavirus was hurting deliveries and lockdown restrictions made it impossible for the electric carmaker to provide guidance for the full year. Tesla said it could not predict how quickly vehicle manufacturing and global supply chains [...]
(Reuters) - With much of the world living in lockdown, the spread of the new coronavirus, SARS-CoV-2, that was first detected in China late last year is beginning to slow in some places. As of April 12, 1.8 million had been infected and 115,000 killed by COVID-19, the disease caused by the virus. While [...]
NEW YORK (Reuters) - The Canadian dollar was slightly weaker against its U.S. counterpart on Monday, as oil prices were largely unmoved by a landmark deal by OPEC and its allies to cut output. The Canadian dollar CAD=D4 was at C$1.3968 to the greenback, or 71.56 U.S. cents, weaker than Friday’s close of C$1.3953, [...]
(Reuters) - Canada’s main stock index reversed early gains to trade lower on Monday on persisting worries over the economic damage from coronavirus pandemic, although gains in energy stocks after major oil producers agreed to output cuts limited losses. Fears of a deep global recession continue to weigh on sentiment as the health crisis [...]
(Reuters) - Small and medium-sized businesses in Canada, which have been affected by the ongoing coronavirus crisis, will be able to access interest-free loans of up to $40,000 to meet their cash requirements, according to the Canadian Bankers’ Association. Under the new federal plan, businesses will be able to apply for loans online and [...]
OTTAWA (Reuters) - Canada’s coronavirus death toll is set to soar from the current 435 to as high as 22,000 by the end of the pandemic, health officials said on Thursday, while the economy lost a record 1 million jobs last month. Officials outlined the two most likely scenarios, showing that between 11,000 and [...]