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Many large-scale events that planned to take place in 2020 in Canada were cancelled or delayed. This includes all major sporting and artistic events. [2] Canada's tourism and air travel sectors were hit especially hard due to travel restrictions. [3] Some farmers feared a labour shortfall and bankruptcy. [4] The pandemic affected consumer ...
J.Crew was the first national retailer to file for Chapter 11 bankruptcy during the pandemic on May 4. [31] After 60 years in business, Northgate Mall in Durham, North Carolina, closed on May 4, the first shopping mall in the United States to directly attribute the pandemic as the reason for the closure. [32] [33]
Some small businesses had to get creative to stay afloat, moving traditionally in-person services online, pivoting to provide pandemic essentials like masks and sanitizer or offering new options ...
The Great Reset Initiative is an economic recovery plan drawn up by the World Economic Forum (WEF) in response to the COVID-19 pandemic. [1] The project was launched in June 2020, and a video featuring the then-Prince of Wales Charles was released to mark its launch. [2]
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Existing federal social security programs were modified to provide additional financial support to their recipients. Canada Child Benefit payments were given a one-time increase of $300 per child, [3] the Goods and Services Tax (GST) credit for the 2019 tax year was doubled, [4] and personal income tax deadlines for 2019 were extended.
Small businesses are the engine of the European economy and they play a vital role in our economic recovery and growth. These businesses need financial support for their digitalisation. [422] [423] [424] In response to COVID-19, almost 60% of EU businesses have received financial help – subsidies or other non-repayable aid. Enterprises that ...
While the closure of these bubble tea shops were attributed to their target demographic, mainly university students and young professionals, who are unable to study and work in that area during movement control order lockdown that prevents many people from visiting their shops and was further exacerbated by the rising of rental price due to ...