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Survey Shows Small Business Owners See Less Stigma Around Loans Since COVID
Small businesses are seeing loans in a new light thanks to the pandemic, according to a survey from PayPal and Wakefield research. The study found that the stigma surrounding accepting loans has largely been removed among a majority of...
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NerdWallet CEO on Taking the Fintech Company Public
Fintech firm NerdWallet made its IPO debut on the New York Stock Exchange on Thursday. CEO Tim Chen joined Cheddar to talk about the decision to tap the capital markets now and explained the company's revenue model by taking a cut from...
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How the U.S. Found Itself in a Student Loan Debt Crisis
Louisiana State University recently discharged $7 million in student loans using COVID relief, but the act hardly dents the increasing debt crisis. Josh Mitchell, the author of "The Debt Trap" and Wall Street Journal education reporter,...
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Airline passengers to get refunds in Air Canada’s deal with Ottawa
Air Canada and the federal government reached an agreement for low-interest government loans to support the beleaguered airline, and it includes refunds for passengers whose flights were cancelled because of COVID-19.
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Former Congressman John Delaney Says Forbright Bank Needed in Climate Fight
Financial institutions are joining in the effort to tackle climate change. Maryland-based Congressional Bank has rebranded as Forbright Bank, looking to put half of its assets behind businesses and innovators in sustainability. Former...
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Refunds critical to federal bailout package for airline industry, says Unifor president
Air Canada will offer refunds to passengers who saw their flights canceled because of the pandemic. The move is part of ongoing talks between the federal government and the airline industry about a potential bailout package. Unifor...
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Ottawa under pressure to cap high-interest payday money lenders
Pressure is mounting on the federal government to cap interest rates on payday money lenders, which can charge nearly 50 per cent interest. Advocates say it’s often the most financially vulnerable using them and the pandemic economy has...
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Nigeria rice farmers could face court over unpaid loans
Nigerian officials say they are planning to take thousands to court after more than a million farmers were given cash and tools as part of scheme to boost local production.
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Eurostar is 'in peril' and needs UK government help, say British firms
Services of the cross-Channel train have dropped to just one train a day between the British and French capitals amid tightened border controls.
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Explainer: Europe's tourism rescue plan
The lockdowns and travel restrictions brought about by the COVID-19 pandemic have ravaged the global holiday sector. For Europe - the world's top tourism destination - the health crisis has been especially tough. 27 million European jobs...
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EU leaders agree on $860bn joint-debt economic relief package
Deal follows days of rancour over the proportion of grants compared to loans repayable by the fund's beneficiaries.
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EU strikes massive COVID-19 recovery deal
After nearly five days of negotiations, the European Union has reached a trillion-dollar deal to help the bloc's hardest-hit countries recover from COVID-19.
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Divided EU holds second day of talks over coronavirus rescue plan
Leaders at odds over proposed $858bn package aimed at pulling the bloc out of what could be its deepest ever recession.
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EU summit: 'Diametrically opposed positions' on coronavirus rescue package
There is still no agreement among EU leaders on a massive coronavirus recovery package after three days of intense meetings in Brussels. Talks have focused on a proposed €1.68 trillion budget and a coronavirus recovery fund. Eastern...
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EU summit: Leaders meet for fourth day after all-night talks yield no agreement
There is still no agreement among EU leaders on a massive coronavirus recovery package after three days of intense meetings in Brussels. Leaders left the marathon summit early Monday morning and are set to resume talks at 16:00 CET. The...
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EU summit: Talks entering 'crucial phase' as leaders meet for fourth day
Negotiations between European leaders on a massive coronavirus recovery package are now entering the "crucial phase", Commission President Ursula von der Leyen said as talks are set to resume Monday afternoon for a fourth consecutive...
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ServiceNow Creates $100 Million Racial Equity Fund to Promote Lending in Black Communities
In Corporate America's latest move to dedicate resources to fighting systemic racism and inequality, software company ServiceNow is creating a $100 million racial equity fund, looking to promote more lending within Black communities....
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Air Canada playing hardball with government: former executive
A former Air Canada executive says the airline is playing hardball with the federal government with its announcement that it expects to lay off about 20,000 employees.
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Wilkins' forecast on housing market amid COVID-19
Bank of Canada's Deputy Governor Carolyn Wilkins says once COVID-19 measures are lifted the housing market should "spring back to life," but adds it's uncertain when that will be.
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Charitable sector struggling to stay afloat: Imagine Canada
Imagine Canada president Bruce MacDonald says the sector needs a total of $10 billion in support from government to survive the pandemic.
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EU leaders look to Commission to come up with pandemic recovery plan
It's the start of a plan forming to find funding, but EU leaders have called on the EU Commission to come up with a plan. “We are not talking about billion(s), we’re talking about (a) trillion," EU Commission President Ursula von der...
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Duclos on financial support now available for University and College students
Treasury Board President Jean-Yves Duclos spoke to reporters on Parliament Hill on Monday
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Italy ups coronavirus stimulus spending to €750 billion - nearly half its GDP
The European Union's second-most indebted economy is going all in on coronavirus stimulus. Italian Prime Minister Giuseppe Conte has announced a fresh €400 billion aid package for the country, to prop up businesses that have been hit...
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India's banking crisis: Government rescues fourth-largest bank
India's Yes Bank’s rescue comes at a bad time for India’s economy, which is growing at its slowest pace in over six years.