Canada

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COVID in Canada – Employment Insurance backlog should be eliminated in the coming week

The federal government has processed one million claims for employment insurance, just under half of the claims received so far as unemployed Canadians flood the system with applications. Federal officials said that, by Friday, the government had received 2.4 million applications, almost matching the 2.8 million claims received in all of 2019. And it says … Continue reading

COVID-19 and Restaurants in Canada – Has cost 800,000 jobs since March 1

Restaurants Canada estimates that 800,000 foodservice jobs have already been lost nationwide due to COVID-19 and might not return if current conditions continue. With restaurants now struggling to pay rent and other bills due in April, the national association has conducted a survey to shed light on the state of the industry. Responses from foodservice … Continue reading

COVID and Canadian Job Seekers – Job searches for these companies surged

Grocery stores and household delivery services have become key pillars of the economy amid the COVID-19 crisis. Canadian job seekers have taken notice. As companies like Walmart and Amazon announced major hiring plans, job searches for both on Indeed Canada surged, along with those for large grocers including Costco and Loblaws.* Searches containing “Amazon” spiked first, jumping up as … Continue reading

COVID and Unemployed Canadians – A third of unemployed Canadians (862,000) receive nothing

New federal policies are being created and adapted daily to try and head off the worst-case economic impacts of COVID-19. Many of those modifications are in reaction to advocates pointing out pitfalls in the proposed design of emergency measures. As these programs unfold, I’ve been tracking how well they cover laid off workers who are … Continue reading

COVID in Canada – The Emergency Wage Subsidy is fixed at 75%

The Canada Emergency Wage Subsidy From: Department of Finance Canada Backgrounder What It Means for Canadian Businesses To help businesses keep and return workers to their payroll through the challenges posed by the COVID-19 pandemic, the Prime Minister, Justin Trudeau, proposed the new Canada Emergency Wage Subsidy. This would provide a 75 per cent wage … Continue reading

COVID au Canada – La subvention salariale d’urgence fixée à 75%

Subvention salariale d’urgence du Canada De : Ministère des Finances Canada Document d’information Ce qu’elle signifie pour les entreprises canadiennes Afin d’aider les entreprises à maintenir leurs travailleurs en poste et à les reprendre, pendant qu’elles font face aux défis que pose la pandémie de la COVID-19, le premier ministre, Justin Trudeau, a proposé la nouvelle … Continue reading

COVID au Canada – Plus de 1,5 million de nouvelles demandes d’assurance-emploi après les 930 000 demandes de la semaine dernière

Le gouvernement fédéral a reçu un nombre record de 1,55 million de demandes d’assurance-emploi entre le 16 et le 25 mars, a appris TVA Nouvelles. Au même moment la semaine dernière, 930 000 demandes avaient été remplies. Depuis, le gouvernement a annoncé le déploiement de la Prestation canadienne d’urgence (PCU) et un programme de subvention … Continue reading

COVID-19 et la Banque du Canada – Pas de taux négatif

À 0,25 %, le taux directeur de la Banque du Canada est maintenant à son plus bas niveau effectif, a indiqué Stephen Poloz. Théoriquement, il pourrait descendre plus bas, a-t-il convenu, mais ce n’est pas une option envisagée par la banque centrale. Selon lui, l’expérience des taux négatifs ailleurs dans le monde indique que lorsque les taux … Continue reading

COVID au Canada – Le PIB réel devrait diminuer de 25 % au deuxième trimestre, Le taux de chômage à 15 % au troisième trimestre

Les perspectives économiques et financières sont extrêmement incertaines en ce moment. Abstraction faite de cette vive incertitude, le présent rapport propose une analyse de scénario pour aider les parlementaires à évaluer les possibles répercussions économiques et financières de la pandémie de COVID-19 et des développements récents sur le marché du pétrole. Le scénario à l’étude … Continue reading

COVID-19 in Canada – The new Canada Emergency Response Benefit

The new Canada Emergency Response Benefit We will provide a taxable benefit of $2,000 a month for up to 4 months to: workers who must stop working due to COVID19 and do not have access to paid leave or other income support. workers who are sick, quarantined, or taking care of someone who is sick … Continue reading

COVID-19 au Canada – Aide d’urgence : qui a droit ?

La nouvelle Prestation canadienne d’urgence Nous offrirons une prestation imposable de 2 000 $ par mois pendant quatre mois au maximum : les travailleurs qui doivent cesser de travailler en raison de la COVID‑19 et qui n’ont pas accès à un congé payé ou à une autre forme de soutien du revenu; les travailleurs qui sont malades, qui … Continue reading

COVID-19 in Canada – The impact on the labour market

The Bottom Line… • Global economy will feel the effects of COVID-19—a recession is likely in many countries • Canada and the United States went into February 2020 on a solid footing but things have deteriorated precipitously • Economic impact will depend entirely on our success (in Canada and the United States) at containing the … Continue reading

COVID-19 in Canada – Programs for those who lose their jobs are insufficient

Editorial – In Canada and Québec, governments have announced a series of insufficient programs geared toward employment insurance and its meagre 55% of insurable salary. Here’s what’s happening elsewhere, such as in the United Kingdom where the government will pay up to 80% of the salary of those who lose their jobs. @ https://jobmarketmonitor.com/2020/03/22/covid-19-and-jobs-in-uk-government-to-pay-80-of-wages-for-those-not-working/ The House … Continue reading

COVID-19 au Québec et au Canada – Les programmes pour les travailleurs ne sont pas suffisants

Éditorial – Au Canada et au Québec, les gouvernements ont multiplié les programmes qui sont guère généreux, alignés sur l’assurance-emploi et son pauvre 55% du salaire assurable. Voyez ce qui se fait ailleurs, comme au Royaume-Uni où le Gouvernement paiera jusqu’à 80% du salaire de ceux qui perdent leur emploi @ https://jobmarketmonitor.com/2020/03/22/covid-19-and-jobs-in-uk-government-to-pay-80-of-wages-for-those-not-working/. La Chambre des … Continue reading

Canadian Outlook Summary from The Conference Board of Canada (CBC) – To the brink of recession

Canada’s economic growth ground to a halt in the fourth quarter of 2019. With the economy already on precarious footing, the added shocks of the recent rail blockade protests, the arrival of COVID-19, and a collapse in oil prices have brought the country to the brink of recession. Contents of the Spring 2020 summary: The … Continue reading

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