Joe Biden’s proposed $1.9 trillion fiscal aid package would not only provide a significant stimulus for the United States, but it would also have a big effect on the Canadian economy. Why should Canadians care? In short, it’s because the Canadian economy cannot help but be affected by its neighbor ... READ MORE >
economic stimulus
Economic policy primer: The difference between aid and stimulus
During the pandemic, the federal government has put forward close to $3.8 trillion, or roughly 18% of gross domestic product, to offset the adverse economic impact of the public health crisis. The Biden administration has asked for another $1.9 trillion in fiscal aid and stimulus, on the back of the $908 ... READ MORE >
CARES Act expands access to loans for small and midsize businesses
The Coronavirus Aid, Relief and Economic Security (CARES) Act signed into law on Friday, March 27, 2020, provides various options for small and midsize businesses facing liquidity challenges from the COVID-19 crisis. The three options included under the act include the U.S. Small Business ... READ MORE >