Financing
Ontario introduces $17B COVID-19 package; more than doubles deficit
The spending boost includes a $1-billion COVID-19 contingency fund
Feds plan $30M ad buy to help media deal with COVID-19 fallout
Several media organizations have blamed that collapse in revenue for their decision this week to lay off hundreds of journalists and support workers
Trudeau points to bailout for help for renters facing financial crunch [UPDATED]
Roughly 830,000 households don’t have enough income to get through a single week without pay, analysis suggests
Federal Reserve to lend up to US$300B to businesses, cities
The measure is to support the flow of credit through an economy ravaged by the viral outbreak
Crude-by-rail shipments to fall after setting record high
Canadian crude-by-rail exports likely fallen as low oil prices force producers to cut growth spending and shut in high-cost wells
Producers advised not to spend on drilling as oil price hovers at US$25
The list of oil companies cutting 2020 capital spending plans has continued to grow amid COVID-19 concerns
N.L. faces hard economic times during pandemic
The global COVID-19 pandemic is spelling trouble for Newfoundland and Labrador’s oil and gas industry
The coronavirus is just the latest blow to Canada’s oil producers
Annual oil demand for 2020 is very likely to be lower than what was observed in 2019, and lower oil prices are here to stay
Paramount Resources slashes capital spending
The company expects capital spending this year to come in between $185 million and $250 million
U.S. Treasury proposal: Deliver US$500B to Americans starting April
Trump’s $1 trillion plan promises half to families and individuals, with the other half used to prop up businesses and keep employees on payroll
