Five Things to Watch in Canadian Business World Next Week National Business | Instant news

Toronto – five things to note in the Canadian business world next week:

Federal assistance measures starting on Monday mark the start of the first full week that the Canadian Emergency Business Account will be available to small businesses and nonprofits. The federal government program, which offers applicants up to $ 40,000 in interest-free loans in an attempt to counter the economic contraction associated with COVID-19, is currently available through 5 large banks.

Interest rate cuts again? The Bank of Canada will release its latest interest rate decision and monetary policy report on Wednesday. The Canadian Central Bank made two unscheduled rate cuts in March in response to the economic contraction caused by the COVID-19 pandemic, which brought the main interest rate down to 0.25 percent after the month started at 1.75 percent.

The Canadian Home Sales Association for March will release results of March home sales on Wednesday. The latest figures from Vancouver and Toronto show strong sales activity in the first half of the month followed by a sharp drop in activity because the effect of COVID-19 made the market cool.

Canadian Manufacturing Statistics numbers will release their February Manufacturing Survey on Thursday. A statCan poll released earlier in January showed that manufacturing sales fell 0.2 percent to $ 56.1 billion, the fifth consecutive monthly decline.

The possibility to renew unemployed Canadian workers from CERB currently not eligible for the Canadian Emergency Response feature will oversee the renewal of the $ 24 billion program. A recent analysis by the Canadian Center for Alternative Policies estimates that a third of unemployed Canadians, including contract workers or economic workers, will not receive assistance from work insurance or CERB in its current form.

This report was first published by the Canadian press on April 12, 2020.

Canadian Press. All rights reserved.

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