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News: Money

Renters with lost income await anxiously for government aid to kick in

Friday  04:45,   03 april 2020

For many people in B.C., Monday was rent day for the first time since incomes and jobs were lost to closures ordered to contain the COVID-19 pandemic. Their anxiety levels depend on where they live, their savings, and whether they succeed when they... >>>

Oilpatch workers face pay cuts and layoffs as companies react to low prices

Thursday  23:41,   02 april 2020

Oilpatch workers face pay cuts and layoffs as companies react to low pricesOn Thursday, oilsands producer Cenovus Energy Inc. responded to low global oil prices with its second capital spending cut in less than a month, along with the suspension of... >>>

Stock market crash may force some investors to postpone retirements, say experts

Thursday  21:10,   02 april 2020

Stock market crash may force some investors to postpone retirements, say experts"I do see that this is going to be impactful for the average Canadian out there because you know, not everybody, unfortunately, plans," says Chris Gandhu, vice-president >>>

Energy leads stocks higher in Toronto as oil soars after Trump tweet

Thursday  19:10,   02 april 2020

Energy leads stocks higher in Toronto as oil soars after Trump tweetThe S&P/TSX composite index was up 243.70 points at... >>>

Oil prices rally Trump expects Saudi Arabia and Russia to cut production

Thursday  19:09,   02 april 2020

Oil prices rally Thursday as President Donald Trump tweeted that he expects Saudi Arabia and Russia to reach an agreement to significantly cut production. Prices had already been moving higher on prospects for a decline in U.S. crude production... >>>

Tighter COVID-19 restrictions likely to exacerbate already grim jobs toll

Thursday  17:36,   02 april 2020

Tighter COVID-19 restrictions likely to exacerbate already grim jobs tollWith more than a million Canadians already reported as having applied for jobless benefits, the Liberal government was expected to outline how it will help them weather the... >>>

Looking for work? These industries are hiring in Toronto during the COVID-19 pandemic

Thursday  17:18,   02 april 2020

As restaurants, bars and other businesses shut their doors during the COVID-19 pandemic, laying off tens of thousands of people, there are other industries in the city looking to hire workers — and they're not just retail and cashier jobs. Sure, >>>

Stock futures jump ahead of big jobless claims report as oil rebounds 10%

Thursday  15:26,   02 april 2020

U.S. stock futures jumped after a surge in the price of oil, a financial market which has collapsed this year and raised concerns about hefty losses for the energy industry. A big jobless claims report ahead at 8:30 am ET would likely determine the... >>>

Canadian banks gear up for virtual AGMs to stop the spread of COVID-19

Thursday  15:26,   02 april 2020

Canadian banks gear up for virtual AGMs to stop the spread of COVID-19Prichard instead dialled into a webcast from the comfort of his home, where he explained the change was prompted by COVID-19 containment measures and an April court order granting >>>

Spain sheds nearly 900,000 jobs since coronavirus lockdown

Thursday  13:16,   02 april 2020

Spain sheds nearly 900,000 jobs since coronavirus lockdownSpain, which has the world's second-highest death toll from the disease after Italy, has banned all but essential outings since March 14. This week it further tightened the lockdown with a... >>>

Shopify suspends guidance, indicates it banned thousands of users for COVID-19 profiteering

Thursday  10:16,   02 april 2020

Ottawa-based e-commerce giant Shopify Inc. announced Wednesday that it is suspending financial guidance as the coronavirus pandemic upends its business, and the company will give more detail on how business is evolving when it reports first-quarter... >>>

British Airways expected to suspend 36,000 staff: BBC

Thursday  09:36,   02 april 2020

British Airways expected to suspend 36,000 staff: BBCThe airline has reached a broad deal with Unite union that will include suspension of jobs of 80% of BA's cabin crew, ground staff, engineers and those working at head office, the news agency... >>>

'No room left on my credit card': 1,300 stranded Canadians apply for emergency loans

Thursday  09:26,   02 april 2020

Cash-strapped and stranded abroad, hundreds of Canadians are waiting for an emergency loan from the federal government because they need money to pay for hotels or book flights. The Canadian government has paid out $1.8 million in loans to 525... >>>

North American stock markets follow weak first quarter with poor April start

Wednesday  23:45,   01 april 2020

North American stock markets follow weak first quarter with poor April startThe S&P/TSX composite index closed down 516.82 points or nearly four per cent to... >>>

Bank of Canada governor will retire in June as planned: finance minister

Wednesday  23:25,   01 april 2020

Bank of Canada governor will retire in June as planned: finance ministerPoloz, 64, is due to retire on June 3 at the end of his seven-year stint as head of the central... >>>