Coronavirus update: Ottawa plans to forgive up to 50% of COVID-19 pandemic-related loans to Indigenous businesses

Good evening, here are the COVID-19 updates you need to know tonight.

Main titles:

  1. Ottawa plans to forgive up to 50% of COVID-19 pandemic-related loans to Indigenous businesses
  2. More than half of Americans have had COVID-19 infections, new antibody study finds
  3. Air Canada revenue more than triples to $2.6 billion as travel recovery takes hold

Over the past seven days, there have been 409 deaths announced, on the rise 23 % over the same period. At least 6,421 people are treated in hospitals.

The inoculation rate in Canada is 13th among countries with a population of one million or more.

Sources: Canada data is compiled from government websites, Johns Hopkins and the COVID-19 Canada Open Data Task Force; international data is from Johns Hopkins University.


Coronavirus explainers: Coronavirus in maps and graphs • Vaccine dose tracking • Lockdown and reopening rules


Photo of the day

Workers line up for a nucleic acid test to detect COVID-19 at a makeshift testing site in Beijing’s Haidian district on April 26.Kevin Frayer/Getty Images


Coronavirus in Canada


The federal government plans to forgive up to 50% of COVID-19 pandemic-related loans to Indigenous businesses.

  • The Indigenous Business Initiative was launched in the spring of 2020 to provide interest-free emergency loans of up to $60,000 to Indigenous-owned businesses, modeled on the Canada Emergency Business Account (CEBA), the government’s main emergency loan fund. Like the CEBA, up to a third of the COVID-Indigenous Business Initiative loan did not have to be repaid.
  • The 2022 federal budget, tabled earlier this month, announced that the non-repayable portion would soon increase to 50% of the loan value.

Change of direction: While many distilleries and breweries pivoted their operations to making hand sanitizer at the start of COVID-19, they have since moved away from this side business for a variety of reasons.


Coronavirus around the world


Coronavirus and business

In a career advice section, a boss asks if he should rehire an employee who was fired due to his vaccination status.

Also today : Air Canada released its first-quarter financial results on Tuesday and said revenue rose to $2.6 billion, from $729 million in the same period of 2021, as passengers shook off fears of COVID-19 and resumed flights, although in smaller numbers than before. pandemic days.

And: Commodities with the most exposure to China are beginning to brag amid a deteriorating COVID-19 situation as fears of further shutdowns worsen an already weak demand outlook.


Global notice


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Sources: Canada data is compiled from government websites, Johns Hopkins University and the COVID-19 Canada Open Data Task Force; international data is from Johns Hopkins.

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