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The estimate is uncertain, due to the lack of precedent for this kind of program

The previous estimate was $252.1 billion, before recent pandemic measures

The pandemic has dealt a blow to the travel, retail and oil industries

Applications open Monday but business groups have warned that landlords may not take part

The terms are designed to make sure companies using the program receive bridge loans, not bailouts

The government also hinted that more help for business owners may be on the way

As cities start to ease restrictions, economic recovery will hinge on a resilient services sector, according to a report

No region was spared from the deterioration in housing starts

The subsidy, which was supposed to expire in June, will now run through to the end of August

Illustration and Painting

The association has proposed an immigrant investor program to help the economy recover from Covid-19