Calgary's TC Energy has finally decided to greenlight the Keystone XL project after years of delays, with $1.1 billion in backing from the Alberta government https://t.co/nIIT0HI2XU via @business
Canada’s stock market surged for a second day as investors saw hope that government spending plans will bolster a global economy hit by the coronavirus pandemic.
Sterling extended its rally on Wednesday as the safe-haven U.S. dollar fell across the board on some signs of stabler risk conditions amid the coronavirus crisis.
Nous ferons notre récapitulatif du premier trimestre de 2020 le 30 mars à 13h00 EST
Nous le ferons via l’application ZOOM!
Aucune inscription nécessaire et le lien sera disponible 1h avant l’événement!
The plan includes about $500 billion that can be used to back loans and assistance to companies, including $50 billion for loans to U.S. airlines. More than $350 billion to aid small businesses. $150 billion for hospitals and other health-care providers for equipment and supplies
The Trump administration struck a deal with Senate Democrats and Republicans on an historic rescue package with more than $2 trillion in spending and tax breaks to bolster the hobbled U.S. economy and fund a nationwide effort to stem the coronavirus.
Canada commits C$1 billion to coronavirus response
Fund will support provinces
Includes $275m for research
To waive waiting period for employment insurance
Trudeau says the government is prepared to take further measures to combat outbreak if need be
Christine Lagarde warns Europe risks a major economic shock similar to the financial crisis unless leaders act urgently on the coronavirus, and indicates the ECB will take steps as soon as this week https://t.co/isMNmKEcnw via @markets
Policy makers delivered a half-point reduction to take their key rate to 0.25%, introduced a new program to provide easy and cheap credit, and reduced a special capital buffer to give banks even more room to lend.
“The economic impact of COVID-19 is likely to be deeper, wider and longer when compared to SARS,” Kennedy told lawmakers Thursday. “It will create more risk of a prolonged downturn and fiscal support will be needed to accelerate the recovery of the economy.”
Australia’s economy is likely to suffer a quarterly contraction for the first time in nine years, based on an initial estimate of the coronavirus’s impact from the nation’s Treasury and Reserve Bank.
In closing schools, Italy would follow similar measures by Japan, which is enforcing a complete school shutdown due to last until April, and Hong Kong.
Italy is Europe’s most-hit country by the epidemic. The outbreak has killed 79 people in the country and crippled economic activity in the rich northern regions.