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Bank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve

June 3, 2020 The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. Incoming data confirm the severe impact of the COVID-19 pandemic on the global economy. This impact appears to […]

by ahnationtalk on June 3, 20206 Views

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Government of Canada announces interest relief for First Nations through the First Nations Finance Authority

From: Crown-Indigenous Relations and Northern Affairs Canada June 2, 2020 — Ottawa, Ontario — Crown-Indigenous Relations and Northern Affairs Canada The Honourable Carolyn Bennett, Minister of Crown-Indigenous Relations, announced today that First Nations with existing loans under the First Nations Finance Authority (FNFA) will receive interest payment relief as a result of a $17.1 million […]

by ahnationtalk on June 3, 202011 Views

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NU Government: COVID-19 Department of Finance services update

28 May 2020 Good morning everyone. I am pleased to announce that the Government of Nunavut (GN) is launching a new program, the Nunavut Essential Workers Wage Premium. Through it, the GN will fund eligible employers to pay their lower-wage workers more for the hours they work. Employees who earn $20 or less per hour […]

by ahnationtalk on May 29, 202044 Views

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Little Shuswap Lake Band receives Financial Management System Certification

Little Shuswap Lake Band receives Financial Management System Certification In March 27, 2020, Little Shuswap Lake Band (LSLB) received their Financial Management System (FMS) Certificate from the First Nations Financial Management Board (FMB) making it the 19th Nation in British Columbia to achieve this coveted certification. This means their finance and administrative governance practices now […]

by pmnationtalk on May 26, 2020146 Views

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Risk management approach will help guide policy through unknowable times, Governor Poloz says

May 25, 2020 A risk management approach to monetary policy will help guide the Bank of Canada’s actions as the economy goes through extreme uncertainty stemming from the COVID-19 pandemic, Governor Stephen S. Poloz said today. Delivering the University of Alberta’s 23rd Eric J. Hanson Memorial Lecture, Governor Poloz reviewed how the Bank’s policy decision-making […]

by ahnationtalk on May 25, 202029 Views

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Funding to help Yukon employers hire students for critical and essential services

The Government of Yukon is providing $750,000 to help Yukon employers create new summer employment for graduating and postsecondary students in critical and essential services. This funding is in addition to recent funding supports announced through the Yukon Essential Worker Income Support Program. The Staffing Up labour market funding program together with the Yukon Essential […]

by ahnationtalk on May 25, 202044 Views

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BMO Creates Dedicated Online Resource Hubs for Canadians

TORONTO, May 25, 2020 – BMO Financial Group today introduced new online resource hubs for Canadian personal, business and wealth management clients. The hubs will contain specialized content and resources to help Canadians navigate COVID-19 and better position them for long-term growth. “We are committed to helping customers make real financial progress both in challenging times […]

by ahnationtalk on May 25, 202025 Views

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BC Government: Pandemic pay supports front-line health, social service workers

VICTORIA – Health and social service workers delivering in-person, front-line care to some of B.C.’s most vulnerable people will receive a financial boost through temporary COVID-19 pandemic pay. “From care aids to domestic violence workers, to people working in corrections and others delivering essential addictions and mental health supports, our front-line workers are providing vital support […]

by ahnationtalk on May 20, 202030 Views

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AB Government: Funding communities and civil society

Government has taken steps to enable non-profit groups to respond to the pandemic and help those in need. After reviewing applications from across the province for the emergency social services funding announced in April, government will provide $30 million to more than 460 successful applicants to support their responses to COVID-19. Food banks across Alberta […]

by ahnationtalk on May 18, 202019 Views

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Government extends the Canada Emergency Wage Subsidy

From: Department of Finance Canada May 15, 2020 – Ottawa, Ontario – Department of Finance Canada The Government of Canada is taking immediate, significant and decisive action through Canada’s COVID-19 Economic Response Plan to support Canadians and protect jobs during the global COVID-19 pandemic. The Canada Emergency Wage Subsidy (CEWS) helps businesses keep employees on […]

by ahnationtalk on May 15, 202056 Views

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