Canada Revenue Agency employees know a giant spotlight will be pointed at them come Monday. That's when they begin the monumental task of delivering on historic federal benefits meant to mitigate the disastrous economic effects of the COVID-19 pandemic.
Canada's merchandise trade deficit narrowed to $983 million in February compared with $1.7 billion in January, as the economic impact of COVID-19 showed some of its first signs with a drop in trade with China.
Japanese technology company SoftBank Group Corp. called off its offering of up to US$3 billion worth of shares in office-space rental venture WeWork, though it remains committed to its $5 billion bailout of the financially troubled company.
Shoppers are facing empty shelves at some stores due to unprecedented demand for food and other goods even as grocers assure Canadians coping with the COVID-19 outbreak that plenty of new items are on the way and manufacturers say they have the raw materials they need.