Businesses are running out of time to pay back CEBA loans, and failure to pay by the deadline may force thousands to shut for good. Read on.
Wildfire smoke from Quebec is spilling down across Canada and into the United States, causing hazy skies and spurring air quality warnings from Ottawa, to Montreal, to Toronto and even New York City, which received the title ofin recorded history if the rate of land burned continues at the same pace.
Some 413 active fires are burning across the country, from British Columbia to Nova Scotia, prompting 26,000 Canadians to evacuate their homes. The most out-of-control blazes are raging in Quebec. Officials blame climate change for increasing the frequency and intensity of wildfires. One out of five economists surveyed by Bloomberg expect the central bank to raise rates by 25 basis points to 4.75 per cent, but other think policymakers will wait until next month to hike. Either way, Canadians might want to prepare themselves for interest rates to go up again. “
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