The following information has been compiled to help support your business during the coronavirus pandemic. Please check back regularly for updates. Government of Canada programs for businesses Payroll support • The Canada Emergency Wage Subsidy (CEWS) provides a 75% wage subsidy ($58,240 per year or up to $840 per week, per employee) retroactively from March 15 to June 6, 2020 to eligible employers demonstrating at least a 15% drop in revenues in March 2020 and 30% for the fo
75% Wage Subsidy for Businesses The government announced details for a 75% wage subsidy on April 1. The program will provide a 75% wage subsidy for businesses experiencing a revenue decrease of 30% or more compared to the same period last year (March, April, May). Any business that is not publicly funded can apply. Eligibility will not be tied to number of employees. Big corporations, SMEs, not-for-profit organizations and charities alike will all qualify for the subsidy. The
Last updated: April 28, 2020 The following information has been compiled to help support you during the coronavirus pandemic. Please check back regularly for updates. Government of Canada programs Income support • The Canada Emergency Response Benefit (CERB) is a $2,000 monthly benefit for workers who have lost their income as a result of the pandemic. The federal government has announced more flexible rules for claiming the CERB to include seasonal workers and those who have
The COVID-19 (novel coronavirus) outbreak is having near-term economic consequences as investors are pricing in the risk of the infection continuing around the world, for the time being. At first, investors didn’t pay a lot of attention as news of the coronavirus dominated headlines in the early weeks of this year. But when cases of the virus were reported in Italy, they sat up and took notice, and started looking at the potential financial risks associated with the outbreak.
Making sense of the Q1 economic shock
From record highs to a sudden bear market - what a difference a month makes! On February 19, the S&P 500 Index—the benchmark for U.S. equities—reached an all-time high of 3,386, Senator Bernie Sanders was the front runner to win the 2020 Democratic nomination, and investors were evaluating the extent to which the Coronavirus would create supply chain disruptions. Fast forward a month and a bit, the S&P 500 Index sits 24% lower, Joe Bide