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The Canada Emergency Rent Subsidy (CERS) provides rent and mortgage support for qualifying businesses, non-profit organizations, or charities, affected by COVID-19. [ 57 ] Available from September 27, 2020 until June 2021, the subsidy helps qualifying organizations who have experienced a drop in revenue due to the pandemic, paying for part of ...
The Financial Crisis and the COVID-19 Pandemic In 2010, Canada's debt-to-GDP ratio was 77%. [27] During the period that included the 2008 financial crisis and the Great Recession , Stephen Harper 's CPC government reported six straight years of budget deficits. [ 28 ]
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Canadian Payments Association, carrying on business under the brand name Payments Canada, [2] [3] is an organization that operates a payment clearing and settlement system in Canada. The Canadian Payments Association was established by the Canadian Payments Act in 1980. Among other responsibilities, it regulates and maintains directories of ...
Former Bank of Canada governor Mark Carney is also a contender and the Conservatives have sensed that. They have long attacked Carney, with Poilievre dismissing him as "just like Justin."
According to a GOBankingRates survey ahead of Tax Day, nearly half of people expecting refunds planned to use the money to pay bills or debt, and about 30% were going to put it in savings.
The COVID-19 pandemic had a deep impact on the Canadian economy, leading it into a recession. The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976. [1]
Due to record spending during the COVID-19 pandemic, the Ontario government's budget for 2020-2021 is set for $38.5 billion, setting a new record and plotting no path to balance. [26] It was reported in late 2020 that the Ford government was sitting on $12B of unspent COVID-19 contingency funding as the second wave hit, some of which was ...