Economic Indicators

Budget watchdog says Covid-19 wage subsidy might cost less than predicted

Economic Indicators

Budget watchdog says Covid-19 wage subsidy might cost less than predicted

Subsidizing wages for companies during the pandemic will cost $67.9 billion through the end of December

By The Canadian Press |August 13, 2020

2 min read

States reopening too quickly hurt economic recovery, Boston Fed chief says

Economic Indicators

States reopening too quickly hurt economic recovery, Boston Fed chief says

Visits to shops and recreation outlets have picked up more quickly in Europe

By Christopher Rugaber, The Associated Press |August 12, 2020

3 min read

Ontario budget deficit projected to jump to $38.5 billion in 2020-2021

Economic Indicators

Ontario budget deficit projected to jump to $38.5 billion in 2020-2021

The PC government said its Covid-19 relief spending will total $30 billion by the close of the fiscal year

By Shawn Jeffords, The Canadian Press |August 12, 2020

2 min read

U.K. economy in recession after 20.4% second quarter slump

Economic Indicators

U.K. economy in recession after 20.4% second quarter slump

Monthly data indicated the economy began to bounce back in June

By Pan Pylas, The Associated Press |August 12, 2020

3 min read