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Finance

Canada Emergency Response Benefit applications now open

Canada Emergency Response Benefit applications now open

The CERB will provide residents who have lost their jobs or income with a temporary benefit of $500 a week for up to 16 weeks
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Bank of Canada cuts key interest rate to 0.25%

Bank of Canada cuts key interest rate to 0.25%

Canada's central bank has also launched a quantitative easing program to bring liquidity to Canadian markets
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Feds roll out new measures to help small, medium-sized businesses weather COVID-19 storm

Feds roll out new measures to help small, medium-sized businesses weather COVID-19 storm

Ottawa is increasing the payroll support for employers to 75 per cent
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Federal farm loans of $500,000 are open to cannabis growers

Federal farm loans of $500,000 are open to cannabis growers

Farm Credit Canada confirms cannabis producers are considered farmers, and therefore eligible for short-term loans under $5 billion stimulus program
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What you need to know about deferring mortgage payments

With more than a million Canadian homeowners trying to defer payments, many with little success, five mortgage brokers offer insight and advice
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Federal government repackages EI support benefit for workers affected by novel coronavirus

Federal government repackages EI support benefit for workers affected by novel coronavirus

The Canada Emergency Response Benefit will provide workers with $2,000 a month for four months
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Federal agency allocates $5BN to help struggling farmers

Federal agency allocates $5BN to help struggling farmers

Farm Credit Canada boosts capital to assist farmers to meet cash flow, defer loan payments
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Interest rates on new mortgages increasing, despite Bank of Canada rate drop

Interest rates on new mortgages increasing, despite Bank of Canada rate drop

Fixed mortgage rates hiked, discounts on variable rates slashed as banks desperately seek liquidity, while government intervenes
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Canada’s big banks, credit union announce mortgage payment deferrals

Canada’s big banks, credit union announce mortgage payment deferrals

Big Six and Vancity offering up to six months payment free for mortgage holders unable to make payments due to pandemic
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Ottawa to roll out $82BN economic stimulus package

Ottawa to roll out $82BN economic stimulus package

Federal government to offer $27 billion in direct support to struggling Canadians, plus $55 billion in tax deferrals
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