Trudeau Ministers Begin Sketching Plan to Reopen U.S. Border Bloomberg 10 hrs ago Kait Bolongaro
(Bloomberg) Justin Trudeau’s government began to outline the conditions for easing travel restrictions at the Canada-U.S. border.
Intergovernmental Affairs Minister Dominic Leblanc said Friday that U.S. and Canadian officials are discussing how to move forward with reopening the world’s longest international border, which has been closed to most non-essential traffic for more than a year to curb the spread of coronavirus.
“We recognize that in the coming weeks, when the number of vaccinated people grows and if we continue to see a reduction in Covid cases and hospitalizations, that we may be in a position to progressively loosen these measures,” Leblanc told reporters.
Transat Rises as Canada Grants $570 Million in Crisis Loans
Bloomberg 4/29/2021 Sandrine Rastello
(Bloomberg) Transat AT Inc., the Montreal-based vacation operator that Air Canada gave up trying to buy earlier this month, obtained C$700 million ($570 million) in emergency aid from the Canadian government to stay afloat during the pandemic.
The company took loan facilities of C$390 million for operations and another C$310 million to finance customer refunds for flights canceled during the pandemic. Transat will also issue 13 million warrants to the government to buy shares at C$4.50 each.
Transat shares jumped on the news, rising as much as 13% in Toronto, before paring some of the gains. They were up 4.4% to C$4.73 as of 12:59 p.m.
Transat AT Inc., the Montreal-based vacation operator that Air Canada gave up trying to buy earlier this month, obtained C$700 million ($570 million) in emergency aid from the Canadian government to stay afloat during the pandemic.
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Canada’s Recovery Accelerates With Another Blowout Jobs Gain
Bloomberg 7 hrs ago Shelly Hagan
(Bloomberg) Canada’s jobs market blew past expectations for a second straight month, one more sign the nation’s economy is on the cusp of fully recovering from the pandemic.
The economy added 303,100 jobs in March, Statistics Canada reported Friday in Ottawa. That’s triple what economists were anticipating, and follows a gain of 259,200 in February. The two-month jump was led by a rebound in a retail sector hit hardest by closures over the winter. The country has now recovered all but 296,000 of the nearly 3 million jobs lost during the first wave of the pandemic.