U.S. construction spending fell 2.9 per cent in April, the largest drop in 18 months, with broad declines across all building activity as shutdowns hobbled projects and workers were told to stay home.
A closely watched measure of U.S. manufacturing rose in May for the first time in four months, suggesting the industry is beginning to stabilize at a depressed level after a pandemic-driven plunge.
Prime Minister Justin Trudeau is ready to announce financial support for Canadian municipalities whose revenues have plunged amid Covid-19 lockdowns.
Ontario is temporarily amending its labour laws to help businesses avoid permanently laying off workers and paying out severance, which could send some into bankruptcy during the pandemic.
Ottawa is earmarking millions of dollars to promote holiday travel inside Canada as it seeks to help the tourism industry weather the COVID-19 pandemic.
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