(Bloomberg) — As governments dedicate more than $8 trillion to fight the coronavirus pandemic, a further widening in the gap between rich and poor countries threatens to exacerbate the global economy’s pain.Wealthy nations have delved deep to cushion the blow. For instance, Germany and Italy have each
— Read on ca.finance.yahoo.com/news/8-trillion-global-fiscal-stimulus-004447963.html
Tag: Stimulus
$71B wage subsidy ‘appropriate’ to keep economy afloat: Morneau – BNN Bloomberg
$71B wage subsidy ‘appropriate’ to keep economy afloat: Morneau – BNN Bloomberg
— Read on www.bnnbloomberg.ca/71b-wage-subsidy-appropriate-to-keep-economy-afloat-morneau-1.1415978
Bank of Canada Starts Quantitative Easing With C$1 Bln Purchase – Bloomberg
The Bank of Canada began its first-ever foray into quantitative easing on Wednesday, with the purchase of C$1.0 billion ($703 million) in government bonds.
— Read on www.bloomberg.com/news/articles/2020-04-01/bank-of-canada-starts-quantitative-easing-with-c-1-bln-purchase
Trudeau’s Fiscal Package Reaches $176 Billion With Latest Steps – Bloomberg
The cost of Prime Minister Justin Trudeau’s fiscal package to protect the economy from the impact of Covid-19 has reached about C$250 billion ($176 billion) , according to the latest figures from the finance department.
— Read on www.bloomberg.com/news/articles/2020-04-01/trudeau-s-fiscal-package-reaches-176-billion-with-latest-steps
The Anatomy of the $2 Trillion COVID-19 Stimulus Bill – Visual Capitalist
A visual breakdown of the CARES Act, the $2 trillion package to provide COVID-19 economic relief. It’s the largest stimulus bill in modern history.
— Read on www.visualcapitalist.com/the-anatomy-of-the-2-trillion-covid-19-stimulus-bill/
U.S. Senate passes US$2T virus rescue plan; sends bill to House – BNN Bloomberg
U.S. Senate passes US$2T virus rescue plan; sends bill to House – BNN Bloomberg
— Read on www.bnnbloomberg.ca/u-s-senate-passes-us-2t-virus-rescue-plan-sends-bill-to-house-1.1412527
Senate passes $2 trillion coronavirus stimulus package
The mammoth legislation includes direct payments to individuals, grants and loans to businesses and more health care funding.
— Read on www.cnbc.com/2020/03/25/senate-passes-2-trillion-coronavirus-stimulus-package.html
Coronavirus stimulus package: Here’s what’s in the $2 trillion relief bill
The Senate coronavirus stimulus bill aims to offer relief to individuals, the health care system and businesses ravaged by the outbreak.
— Read on www.cnbc.com/2020/03/25/coronavirus-stimulus-bill-updates-whats-in-the-2-trillion-relief-plan.html
Coronavirus stimulus bill: Senate, White House strike $2 trillion deal
Majority Leader Mitch McConnell said the Senate will pass the legislation later Wednesday. The full text of the bill has not yet been released.
— Read on www.cnbc.com/2020/03/24/coronavirus-updates-congress-gets-closer-to-a-deal-on-massive-stimulus-bill.html
Hong Kong Unveils HK$10,000 Handout as Part of Stimulus Package
(Bloomberg) — Hong Kong’s government unveiled a budget packed with giveaways including a one-time cash handout that economists said isn’t likely to spur growth, as the city struggles to stabilize an economy battered by political unrest and the coronavirus.The main feature of the annual budget announced
— Read on ca.finance.yahoo.com/news/hong-kong-unveils-hk-10-041029065.html