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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 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]
Unlike conditional transfer payments such as the Canada Health Transfer or the Canada Social Transfer, the money the provinces receive through equalization can be spent in any way the provincial government desires. The payments are meant to guarantee "reasonably comparable levels" of health care, education, and welfare in all the provinces. The ...
TD Bank, which is based in Canada, will pay billions of dollars in fines and penalties to several federal agencies, including the Federal… TD Bank to pay $3B, face growth cap over money ...
TORONTO/NEW YORK (Reuters) -TD Bank became the largest bank in U.S. history to plead guilty to violating a federal law aimed at preventing money laundering, and agreed to pay over $3 billion in ...
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 ...
Savings interest rates today: Rise above your everyday savings with top yields of up to 4.50% this weekend — Jan. 10, 2025
According to an April 11, 2019 Royal Bank of Canada (RBC) report, the revised estimate of Ontario's deficit was $11.7 billion in 2018-2019 and it was projected to decrease by $1.4 billion in 2019-2020 mainly because of "the removal of the $1 billion contingency reserve." At that time it was projected that the deficit would be "completely ...