Coronavirus update: Ottawa plans to forgive up to 50% of COVID-19 pandemic-related loans to Indigenous businesses
Good evening, here are the COVID-19 updates you need to know tonight.
- Ottawa plans to forgive up to 50% of COVID-19 pandemic-related loans to Indigenous businesses
- More than half of Americans have had COVID-19 infections, new antibody study finds
- Air Canada revenue more than triples to $2.6 billion as travel recovery takes hold
Over the past seven days, there have been 409 deaths announced, on the rise 23 % over the same period. At least 6,421 people are treated in hospitals.
The inoculation rate in Canada is 13th among countries with a population of one million or more.
Sources: Canada data is compiled from government websites, Johns Hopkins and the COVID-19 Canada Open Data Task Force; international data is from Johns Hopkins University.
Coronavirus explainers: Coronavirus in maps and graphs • Vaccine dose tracking • Lockdown and reopening rules
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Coronavirus in Canada
The federal government plans to forgive up to 50% of COVID-19 pandemic-related loans to Indigenous businesses.
- The Indigenous Business Initiative was launched in the spring of 2020 to provide interest-free emergency loans of up to $60,000 to Indigenous-owned businesses, modeled on the Canada Emergency Business Account (CEBA), the government’s main emergency loan fund. Like the CEBA, up to a third of the COVID-Indigenous Business Initiative loan did not have to be repaid.
- The 2022 federal budget, tabled earlier this month, announced that the non-repayable portion would soon increase to 50% of the loan value.
Change of meaning: While many distilleries and breweries pivoted their operations to making hand sanitizer at the start of COVID-19, they have since moved away from this side business for a variety of reasons.
Coronavirus around the world
Coronavirus and business
In a career advice section, a boss asks if he should rehire an employee who was fired due to his vaccination status.
Also today : Air Canada released its first-quarter financial results on Tuesday and said revenue rose to $2.6 billion, from $729 million in the same period of 2021, as passengers shook off fears of COVID-19 and resumed flights, although in smaller numbers than before. pandemic days.
And: Commodities with the most exposure to China are beginning to brag amid a deteriorating COVID-19 situation as fears of further shutdowns worsen an already weak demand outlook.
Sources: Canada data is compiled from government websites, Johns Hopkins University and the COVID-19 Canada Open Data Task Force; international data is from Johns Hopkins.
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