Morning Update: Ottawa to intervene in test backlog; Business groups urge Trudeau to pay wage subsidy

and share benchmarks in many Asian markets logged sharp losses as still more governments tightened restrictions to fight the coronavirus pandemic. European shares were stuck near seven-year lows on Monday after several countries expanded measures to curtail the spread of the coronavirus pandemic. The benchmark STOXX 600 index was down 4.6% at 0806 GMT, with bourses in Germany, Spain and London leading declines.

Looking for investing ideas? Check out The Globe’s weekly digest of the latest insights and analysis from the pros, stock tips, portfolio strategies and what investors need to know for the week ahead.WHAT EVERYONE’S TALKING ABOUT: “If we’re going to ask everyone to behave as if they are potential coronavirus carriers – and that’s the underlying justification for social distancing – then we have to also figure out who is infected."“There is no egotistical way to win this battle.

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Business leaders press Ottawa to pay wage subsidies to avoid mass layoffsPrime Minister Justin Trudeau, responding to questions about “freeze the economy” measures elsewhere, said, “We have not ruled out anything”
Source: globeandmail - 🏆 5. / 92 Read more »

Business Council of Canada calls on PM and premiers to 'speak clearly and with one voice'A group representing Canadian business leaders is calling on Prime Minister Justin Trudeau to take more decisive action to stop the spread of COVID-19. Um, er, ahh, duh, we heard from Trudeau now the rest The Trudeau 'Liberals' still care far more about optics and narratives than they do Canadians. Right on! Are you listen Mr. Trudeau. Governments outside of China where sleeping at the switch for two weeks before they awoke to the dangers of this virus. China epic Center Wahun was locked down and the rest of the world was wide open in a day dreaming state.
Source: CTVNews - 🏆 1. / 99 Read more »