Many small businesses that manage to survive the COVID-19 pandemic will be emerging with a heavy debt burden, according to data released Thursday.
A new Trudeau government strategy to attract more permanent residents appears to be working, Canada’s top immigration official said, putting the country on pace to exceed its goal of admitting 401,000 new residents this year.
The Canadian dollar broke above 80 cents U.S. Thursday, hitting its highest level since February 2018 amid speculation the global reflation trade will continue to lift commodity prices, driving currencies traditionally tied to the commodities complex higher.
Applications for U.S. state unemployment benefits fell by more than forecast last week to the lowest since November, signaling that job cuts are starting to ebb as COVID-19 infections decline and vaccinations accelerate.
Canada’s Big Six banks have gone six for six, as CIBC and TD delivered profit beats this morning.
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