Royal Canadian Mounted Police said at least 19 people were dead after the crime spree, with officials saying they have identified 16 separate crime scenes in the province of Nova Scotia and warning new victims might emerge from searching five burned-down properties.
Employment in Canada cratered in March, with over one million jobs lost, wiping away over three years of job creation in a single month and underlining the economic pain the pandemic has swiftly delivered in North America.
The vital daily flow of nurses from across the border in Windsor has become a heated issue as some of them become infected and the White House threatens to cut off the flow of U.S.-made masks to its northern neighbor.
The nation’s central bank lowered its benchmark overnight interest rate to 0.25% to address the economic consequences of the new coronavirus pandemic.
Canadian officials said the country’s economy is shedding jobs at an accelerated pace, forcing the government to expand its original fiscal-stimulus package.
Canada announced a fiscal-stimulus and tax-deferral package amounting to nearly 4% of its gross domestic product, marking an aggressive effort to contain economic damage caused by the coronavirus pandemic and lower oil prices.
Canadian Prime Minister Justin Trudeau said he is exhibiting no flulike symptoms less than 24 hours after his wife tested positive for the new coronavirus.
The central bank executed an emergency half-percentage-point rate cut Friday, saying the coronavirus pandemic will have serious consequences.
Canadian Prime Minister Justin Trudeau said he would isolate himself for a 14-day period after his wife, Sophie Grégoire Trudeau, tested positive for the new coronavirus.
The central bank said it was broadening its programs aimed at ensuring there is enough cash in the country’s financial system as the benchmark stock index posted one of its biggest one-day declines in decades.
Canadian officials promised to do whatever it takes to support the nation’s resource-reliant economy in the face of a crushing blow from sharply lower energy prices and continuing pressure from the coronavirus epidemic.
Canada’s more aggressive approach to testing during a crucial early phase of the coronavirus epidemic could make a difference in the way it plays out in North America, doctors and public-health experts say.
Canadian economic data showed the country had another month of solid job and wage growth, while also offering clues about how the recent coronavirus outbreak could weigh on growth.
Canada’s central bank cut its benchmark overnight interest rate by a half percentage point and signaled it was open to further easing in response to mounting worries about the economic toll of the coronavirus epidemic.
A majority of economists surveyed by The Wall Street Journal expect the Bank of Canada to cut interest rates this week in response to concerns over the impact of the coronavirus on financial markets and the global economy.
The Canadian economy barely grew in the final three months of 2019, as declines in exports and business investment contributed to the weakest quarter of activity in over three years.
Problems with the order entry system at the Toronto Stock Exchange brought an early end to the trading day in Canada on Thursday.
Canada’s Transport Minister said the country’s freight-rail traffic was “many, many weeks” away from a return to normal, after police dismantled a blockade by pipeline protesters that has been choking off east-west shipments.
As prices for Canada’s brand of heavy crude oil have plunged, more than a quarter of Calgary’s office space sits empty and the unemployment rate is the highest among the country’s largest cities.
Canadian police dismantled a rail blockade led by indigenous antipipeline protesters that had choked off passenger and freight-rail traffic for more than two weeks.