Basic Income’s Lessons For Health Care’s ‘$1,007 Sandwich’

Poverty has long weighed on Hugh Segal’s mind. For decades, the former senator has been a vocal champion for a guaranteed than Canada’s richest 20 per cent. Segal’s point is clear: When people don’t have resources, they don’t have resilience — and that affects everyone. * * * I spoke to Segal at the end of February. Two weeks later, on March 11, the World Health Organization declared the COVID-19 outbreak a pandemic. Stories from overworked Italian doctors warned the world to move past nationwide nonchalance and take preventative measures seriously. In less than three weeks, the highly contagious respiratory disease had stretched that country’s health system beyond its limits,… Read More

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Could coronavirus shut the stock market?

Wall Street has been roiled by the fastest and most extreme sell-off in its history, said Michael Santoli at CNBC. With the coronavirus pandemic worsening, it took the S&P 500 only 22 trading days to fall 30 percent from its record high. That’s a faster fall than stocks saw in the financial crisis or even the cataclysm of 1929. Investors have been searching for clues about when the market carnage could end, but it has become “like forecasting the weather before radar or telegraphs: Noticing how the wind ruffles the leaves, watching how animals are acting.” Things are so bad that a rally of 10 to 15 percent looks like… Read More

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Canadian Oil Prices Are Lower Than Ever. Here’s How Low.

Oil prices have dropped dramatically in recent weeks due to decreased demand from industries as a result of the Here’s Who’s Hiring In Canada During The Coronavirus Pandemic Canada’s Deficit May Quadruple As Economy Hits Record Slump: Watchdog Bye Bye, EI? Feds’ $2,000-A-Month Job Benefit Could Be The New Normal But not as dismal as WCS. At the height of the most recent oil boom in 2012, WCS went for over US$100 a barrel. Since the last price crash in 2015, it’s hovered near US$50. The price of WCS averaged around US$36.82 a barrel in January. And, for context, US$4.58 is around C$6.42 for just under 159 litres of oil.… Read More

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Who’s Hiring In Canada? Companies Look To Fill Jobs Amid COVID-19 Pandemic

As small and medium businesses continue to struggle amid the turmoil caused by the COVID-19 pandemic, other companies in Canada are looking to hire. Chains like Walmart and Loblaws, including its pharmacy brand Shoppers Drug Mart, are in need of staff at storefronts and distribution centres due to a spike of shoppers searching for food, toiletries and medication. But it’s not just retail that has openings. Tech firms like Slack and Amazon continue to hire in fields like software engineering and development. For more on who else is hiring, check out the video above. RELATED Indigo, Boston Pizza Among Latest To Announce Job Cuts In Canada How To Apply For… Read More

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Ontario Teen Faked COVID-19 To Get Out Of McDonald’s Shift: Police

Hamilton police say they’ve charged a teenage fast-food employee after she allegedly faked a doctor’s note saying she had COVID-19. Police say the 18-year-old woman worked at a McDonald’s restaurant, which was immediately forced to close on Monday and send all its employees home to self-isolate. Investigators say the restaurant was closed for several days and sanitized by a professional cleaning team. READ MORE Canada’s Deficit May Quadruple As Economy Hits Record Slump: Watchdog Canadians Are Cooking Their Way Through Self-Isolation, Shortage And Worry Bye Bye, EI? Feds’ $2,000-A-Month Job Benefit Could Be The New Normal The restaurant notified police about the situation and officers arrested the woman Thursday. She’s… Read More

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Bank Of Canada Drops Interest Rates, Says This Is The Lowest They Can Go

OTTAWA ― The Bank of Canada cut its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement Friday. The central bank said its decision to lower rates is aimed at cushioning the economic shocks from COVID-19 and a sharp drop in oil prices by easing the cost of borrowing. It added that providing credit in the economy for businesses that need it should help lay the foundation for the economy’s return to normalcy. The interest rate cut takes the key rate to what the central bank referred to as “its effective lower bound,” or the lowest level that rates can be set.… Read More

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