COVID-19 may delay plastics ban, airline customers struggle over refunds: CBC's Marketplace cheat sheet

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Latest Economic News

  • Asian shares fall as investors mull Chinese growth data

    Economic CTV News
    Shares retreated in Asia on Thursday as investors mulled figures showing China's economy returned to growth in the last quarter. The Shanghai Composite index led Thursday's declines, dropping 2.9% to 3,262.41. Benchmarks also fell in Tokyo, Hong Kong and Sydney. Source
  • World shares fall as investors mull Chinese growth data

    Economic CTV News
    Shares retreated in Europe and Asia on Thursday as investors sold on worries Beijing might cut back on stimulus after China's economy returned to growth in the last quarter. The Shanghai Composite index led Thursday's declines, dropping 4.5% to 3,210.10. Source
  • U.K. job losses set to rise sharply as payroll numbers sink

    Economic CTV News
    LONDON -- Unemployment across the U.K. has held steady during the coronavirus lockdown as a result of a government salary support scheme, but there are clear signals emerging that job losses will skyrocket over coming months to levels not seen since the 1980s. Source
  • U.K. job losses set to rise sharply as numbers on payroll sink

    Economic CTV News
    LONDON -- Unemployment across the U.K. has held steady during the coronavirus lockdown as a result of a government salary support scheme, but there are clear signals emerging that job losses will skyrocket over coming months to levels not seen since the 1980s. Source
  • China's economy grows 3.2 per cent as restrictions eased

    Economic CTV News
    Full coverage at CTVNews.ca/Coronavirus Tracking every case of COVID-19 in Canada Why a closed border hasn't kept international flights out of Canada Source
  • Air Canada urges Ottawa to adopt 'science-based approach' to reopen travel

    Economic CTV News
    MONTREAL -- Air Canada is again urging the government to ease COVID-19 travel restrictions, this time by adopting a "science-based approach" that would open travel to countries with low risks of infection. In a letter sent Wednesday to various ministers, the country's largest airline says the situation is becoming "increasingly urgent" as Canada has made virtually no change to its quarantine restrictions since mid-March despite improvements in containing the spread of the virus. Source
  • OPEC and allies to ease cuts, allow more oil production

    Economic CTV News
    NEW YORK -- Ministers from the OPEC cartel have agreed to allow more oil to flow from the taps, saying demand for oil is growing as economies take steps to reopen. But they also cautioned that they could revisit the decision in an emergency meeting if there are serious lockdowns that further reduce demand for oil. Source
  • Delta expects to take US$3 billion charge to cover job losses

    Economic CTV News
    Full coverage at CTVNews.ca/Coronavirus Tracking every case of COVID-19 in Canada Why a closed border hasn't kept international flights out of Canada Source
  • Lawyers: Trump may claim harassment in tax return quest

    Economic CTV News
    NEW YORK -- A week after losing a Supreme Court ruling, U.S. President Donald Trump's lawyers said Wednesday they're considering challenging a subpoena for his tax records by criminal prosecutors on grounds that it's a fishing expedition or a form of harassment or retaliation against him. Source
  • Walmart mandates face masks at all of its U.S. stores

    Economic CBC News
    Walmart will require customers to wear face coverings at all of its namesake and Sam's Club stores, making it the largest retailer to introduce such a policy that has otherwise proven difficult to enforce without state and federal requirements. Source