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Most Canadians spending less on non-essentials during pandemic: study

It seems that Canadians have tightened up their spending during the COVID-19 pandemic. With the economy in the dumps, people being laid off left and right, and no foreseeable end to the ongoing threat of coronavirus, we can’t say that we blame them. A recent study from the Angus Reid Institute found that two-thirds of Canadian

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Unemployment rate in B.C. is the highest in a whopping 33 years

Finance Minister Carole James addressed residents of British Columbia about the COVID-19 pandemic early Tuesday afternoon. The B.C. government has released an economic and fiscal update for 2020-21 to provide a summary of COVID-19 investments to date, as well as a scenario of revenue and deficit projections. So far, government has supported people and businesses with

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American billionaires got $434 billion richer during the pandemic

America’s billionaires saw their fortunes soar by $434 billion during the U.S. lockdown between mid-March and mid-May, according to a new report. Amazon’s Jeff Bezos and Facebook’s Mark Zuckerberg had the biggest gains, with Bezos adding $34.6 billion to his wealth and Zuckerberg adding $25 billion, according to the report from Americans for Tax Fairness and

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Wealth Windfalls, Tumbling Taxes, and Pandemic Profitters

Billionaires dominate our politics, culture, and economy. Their wealth, as this report shows, has concentrated mightily over the last four decades — even as the number of U.S. households with zero or negative net worth is increasing and most of us are living paycheck to paycheck. The current pandemic is exposing our central economic and

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Government Announces Details of the Canada Emergency Wage Subsidy to Help Businesses Keep Canadians in their jobs

The Government of Canada is taking immediate, significant and decisive action to support Canadians and businesses facing hardship as a result of the global COVID-19 outbreak. To help Canadians and businesses get through these tough economic times, the Prime Minister, Justin Trudeau, announced that the Government is proposing to introduce a wage subsidy of 75 per

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