As a result of the COVID-19 pandemic, gas prices around the world are at their lowest point in more than a decade. Dan McTeague, the President of Canadians for Affordable Energy, says the cause of the price drop is a combination of a couple of things. The first thing is an extreme drop in demand. […]
Premier Scott Moe will speak to Saskatchewan Wednesday night. Moe will talk about COVID-19, where we have been, where we are and where we are going when he delivers a provincial address that can be heard on 620 CKRM starting just after 6:00 p.m.. On Thursday, Moe will also reveal details about the government’s plan […]
Saying it is a pandemic deficit and not a structural deficit, the province’s finance minister is revealing the cost of COVID19 to Saskatchewan’s chequebook. Donna Harpauer is providing a range of preliminary revenue impacts using three different scenarios related to the effects COVID19 has had on Saskatchewan. It shows the potential revenue decline in 2020-21 […]
Finance Minister Donna Harpauer is expected to announce a provincial deficit of $1-billion on Friday, thanks to COVID-19. Harpauer says a decline in oil, PST and corporate taxes are all at play. She added it could take years to recover from this deficit, as the province will be challenged to find solutions to get back […]
Prime Minister Justin Trudeau says the partial shutdown of Canada has to last weeks more to get COVID-19 under control, using his strongest warning yet against loosening economic restrictions too soon as he unveiled expanded help for hard-hit workers. In the last month, the national economy has contracted sharply as businesses have been ordered closed […]
The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent, saying this morning that it is effectively as low as it can go to combat the economic impacts of COVID-19. The central bank says the downturn tied to COVID-19 will be the worst on record. Preliminary data from […]
Prime Minister Justin Trudeau said on Tuesday there’s no firm timeline for the economy to restart once the coronavirus pandemic eases. In his daily briefing in Ottawa, Trudeau was asked when people can go back to work, businesses to reopen, and kids get back to school. “The reality is that it is going to be […]
No one knows what the final price tag will be when it comes to the fallout surrounding COVID-19 because no one knows when a sense of normalcy will return. Jason Childs is an economics professor at the University of Regina. He says the economy will bounce back once the government lifts the measures that are […]
Friday’s economic aid package announced by the provincial government is getting a thumbs-up from the Saskatchewan Chamber of Commerce. CEO Steve McLellan says this provides some sense of relief to both employees and employers in what is obviously a very stressful time. “It’s encouraging to see the province react quickly. Employers want to keep attached […]
A survey of businesses taken by the Saskatchewan Chamber of Commerce this week regarding COVID-19 are coming up with results that shouldn’t be considered surprising. These are some of the highlights: 85% of businesses that responded have felt a negative impact already, and 87% believe the challenges will continue for two months or longer. The […]
