Markets
Rent relief program could cost approximately $2 billion: Morneau
The program now will be eligible for small businesses to lower rents in April, May and June. Canada began a staggered loosening of pandemic restrictions on Monday as Prime Minister Justin Trudeau urged vigilance and baby steps to avoid a COVID-19 resurgence. [Full Article...]
Foodora to shut down in Canada on May 11 amid profitability challenges
Foodora is ceasing operations across Canada next month due to a competitive online food delivery market, according to a statement from the company. Foodora says they have not yet been able "to reach a level of profitability in Canada that's sustainable enough to continue operations", citing both "strong local players" and market saturation. [Full Article...]
USA weighs taking stakes in United States energy companies, other options - Mnuchin
On Sunday, however, he stressed that US President Donald Trump had said there would be no bailouts, whether for airlines or oil companies."We will consider, again, loans to companies in a proper scenario with strategic importance, but no bailouts". [Full Article...]
IRS stimulus check status: Get My Payment portal deadline
If you're among those wondering 'where's my stimulus money, ' a new update from the IRS provides insight into how much cash it's distributed so far - and how much is left to come. Some ran into issues in recent weeks thinking that, because they paid what they owed the IRS via a bank account that their information would already be on file. [Full Article...]
S&P/TSX composite up despite plunge in oil prices; USA stocks higher
As part of Cuomo's second phase, firms will need to put into place plans for a re-opening that would include social distancing practices and adequate personal protective equipment. Wall Street opened higher Monday (April 27), buoyed by hopes of a return to economic normalcy as states eye easing restrictions on businesses that have closed to stop the spread of the coronavirus . [Full Article...]
Shell Gas Station in Wisconsin Selling Gallon for 75 Cents
The national average is down 33.1 cents per gallon from a month ago and stands at $1.06 per gallon lower than a year ago. The Jay Country Store had the highest price statewide in the last 48 hours, at $2.89. Get all the latest news on coronavirus and more delivered daily to your inbox. Nationally, the average is $1.73, down from $1.78 a week ago, according to GasBuddy . [Full Article...]
COVID-19 cases in EOHU region reach 90 COVID-19 News
Additionally, there were 437 new confirmed COVID-19 cases reported, bringing the total in Ontario to 14,432 since January 15. That would depend on case numbers and hospitalization levels after the first few measures are relaxed. The most populous province of Canada, Ontario, said Monday that all publicly funded schools will remain closed until May 31 to keep students and staff safe amid the cor... [Full Article...]
Coronavirus impact: United States oil plunges 25%, Brent falls below $20 a barrel
Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries as well as other producers have since reached a new agreement on output cuts, helping to lift oil prices off historical lows but with many saying that deeper reductions will be needed. [Full Article...]