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MNI Research
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: Canada Trims Covid Relief Checks, Extends to May
Canadian Finance Minister Chrystia Freeland on Thursday said the pricey Covid relief checks for workers and businesses will be scaled back. Programs that were due to lapse this week are being extended until May and repurposed to target the hardest-hit industries such as tourism.
Payouts such as wage and rent subsidies have cost CAD289 billion so far, and the extension will cost CAD7.4 billion, Freeland told reporters in Toronto. "Our economy is rebounding and we are winning the fight against Covid," she said, but the recovery remains "uneven." Reduced fiscal stimulus may become a factor for the Bank of Canada, which has said conditions to raise interest rates should be in place in the second half of next year as the economy returns to normal.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.