DesRosiers Automotive Consultants says Canadian auto sales dropped by 44 per cent in May, an improvement from the estimated 74.6-per cent decline in April when the COVID-19 outbreak first affected a full month of sales.
The Trudeau Liberals are detailing to parliamentarians a plan that would shift tens of billions in pandemic-related aid, sending more toward a key COVID-19 emergency benefit for workers after seeing demand skyrocket from original estimates.
Stephen Poloz will likely keep the Bank of Canada’s powder dry in his final policy decision, leaving the central bank’s next steps in the hands of incoming governor Tiff Macklem.
The Trump administration is starting investigations into digital services taxes considered by several trading partners from the European Union to India that could lead to tariffs being imposed on the countries’ exports to the U.S.
Global stocks and U.S. futures are rallying today even after U.S. President Donald Trump threatened to call in the troops to quell violent protests, adding another layer of instability to a list that already includes COVID-19 and persistent tension with China.
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