Jordan Press
Reporter with The Canadian Press
About Jordan Press
Ranks of long-term unemployed swell even as economy added 84,000 jobs in October
Nearly 450,000 were considered long−term unemployed last month, meaning they had been without a job for 27 weeks or more, with their ranks swelling by 79,000 in September and then 151,000 more in October.
Bank of Canada holds interest rate steady, says COVID-19 economic recovery likely by 2022
The Bank of Canada kept its key interest rate on hold on Wednesday, October 28, 2020, as it said the country's economy won't fully recover what was lost to COVID-19 until 2022, with the road to there dependent on the path of the pandemic.
Feds provide $500M each in funding for rapid housing, projects
Fifteen cities will share $500 million in federal funding so they can buy properties being sold because of the COVID-19 pandemic and use them to help keep people from becoming homeless.
Here's a glimpse of how post-CERB supports will work
The employment insurance system absorbed almost 1.3 million people in the last three weeks, new figures show, as a key COVID-19 benefit wound down.
Liberals revamp rent-relief
The Trudeau Liberals sought on Friday, October 9, 2020, to get ahead of growing economic concerns linked to rising COVID-19 case counts, vowing new and revamped business supports to keep workers on payrolls and maintain job gains threatened by the pandemic's second wave.
Liberals to spend $10 billion on infrastructure projects
The Liberal government is promising to finally spend $10 billion that has sat in the accounts of its infrastructure financing agency for years, hoping to create thousands of post-pandemic jobs.
Canada's economic rebound from COVID-19 slows
The pace of Canada's economic rebound from the COVID-19 pandemic slowed in July, and maybe even more in August, Statistics Canada says, suggesting the country is in what experts described as a long, choppy path to recovery.
Deficit on track to hit $330 billion
The COVID-19 pandemic will leave a lasting scar on the Canadian economy that could produce permanent deficits, the parliamentary budget officer says in a report estimating this year's shortfall at $328.5 billion.
Throne speech to lay out short-, and long-term plans as cases rise, prompting PM address
The federal Liberals' throne speech on Wednesday, September 23, 2020, is to lay out plans for child care, health care, affordable housing and navigating the economic fallout of the COVID-19 pandemic.
Canada pans Iranian report on downing of PS752 as limited, selective
The Canadian government has dismissed a new Iranian report on the deadly shootdown of a civilian jetliner in January, saying it provides only "limited and selected information" — and that Tehran still has many questions to answer.