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Postmedia seeks at least $20.3 million in COVID-related emergency wage subsidies

Postmedia seeks at least $20.3 million in COVID-related emergency wage subsidies

TORONTO — Postmedia Network Canada Corp. expects to qualify for at least $20.3 million in COVID-related emergency wage subsidies from the federal government, the owner of Canada's largest newspaper chain said Friday.
New Brunswick opens more businesses in new phase of COVID-19 recovery plan

New Brunswick opens more businesses in new phase of COVID-19 recovery plan

FREDERICTON — New Brunswick is allowing more businesses and services to reopen as it launches the next phase of the province's COVID-19 recovery plan.
Recipe Unlimited temporarily suspends dividend payments for 2020 amid COVID-19

Recipe Unlimited temporarily suspends dividend payments for 2020 amid COVID-19

VAUGHAN, Ont. — The parent company of Swiss Chalet and other chains saw a more than $100-million drop in sales in its most recent quarter due to the COVID-19 pandemic, which prompted Recipe Unlimited Corp.
Five things to know about Statistics Canada's jobs report for April

Five things to know about Statistics Canada's jobs report for April

OTTAWA — Statistics Canada reported Friday that the economy lost nearly two million jobs in April and the unemployment rate soared to 13.0 per cent as the full force of the pandemic hit.

Jobless rate spikes to 14.7%, highest since Great Depression

WASHINGTON — The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record.
Hydro One reports $225M first-quarter profit, up from $171 million a year ago

Hydro One reports $225M first-quarter profit, up from $171 million a year ago

TORONTO — Hydro One Ltd. reported a first-quarter profit of $225 million, up from a profit of $171 million a year ago.
Brookfield Property Partners swings to loss on property value adjustments

Brookfield Property Partners swings to loss on property value adjustments

TORONTO — Brookfield Property Partners says it swung to a net loss in the first quarter as it adjusted asset values across its portfolio. The company, a subsidiary of Brookfield Asset Management Inc.

Multi-unit housing starts up in some parts of Canada in April despite COVID-19

OTTAWA — Canada Mortgage and Housing Corp. says construction of multi-unit housing projects remained strong in some provinces last month despite the fight against the COVID-19 pandemic. CMHC estimates a 10.

Here's a quick glance at unemployment rates for April, by province

OTTAWA — Canada's national unemployment rate was 13.0 per cent in April. Here are the jobless rates last month by province (numbers from the previous month in brackets): — Newfoundland and Labrador 16.0 per cent (11.7) — Prince Edward Island 10.8 (8.

Here's a quick glance at unemployment rates for April, by Canadian city

OTTAWA — The national unemployment rate was 13.0 per cent in April. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.