The United States had the outlook on its debt rating revised to negative from stable by Fitch, which cited the ongoing deterioration in public finances and the absence of a credible fiscal consolidation plan.
The government announced on Friday that the Canada Emergency Commercial Rent Assistance program has been extended once again, and will now cover a portion of August's rent for businesses that qualify.
Quebec's pension fund manager, the Caisse de depot, has hired Canada's United Nations ambassador as a senior executive.
Report cards on the massive economic toll of the coronavirus were issued in the U.S. and Europe this week and they were downright abysmal.
Prime Minister Justin Trudeau’s efforts to prevent the Canadian economy from collapsing have resulted in more red ink in just two months than in any full year in the country’s history.
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