Bank of England boosts bond-buying programme by £100bn – business live | Business

Central banks need to be marshalled like cavalry and stimulus like charges. The Bank of England will mount a fresh charge at the enemy formations today. Coordination is the name of the game: it needs to keep on top of the huge amount of issuance – borrowing – by the UK government. Wartime levels of debt means the BoE must expand the envelope to hoover it up or risk yields starting to rise...

Stock markets tumble as companies warn on coronavirus damage – business live | Business

7.56am BST07:56 RBS takes £800m bad debt hit from crisis Bishopsgate (with an RBS office on the left) has been left empty during lockdown. Photograph: Phil Clarke Hill/In Pictures via Getty Images Royal Bank of Scotland suffered a near-50% drop in first quarter profits after putting aside £802m to help cover a potential surge in bad debts due to the Covid-19 outbreak, making it the latest UK...

Coronavirus: Cruise ship turned away from five countries allowed to dock in Cambodia – latest news | World news

Chinese academics have launched an online petition challenging Beijing on freedom of speech in the wake of the coronavirus crisis, the South China Morning Post reports. They are calling for the day whistle-blowing doctor Li Wenliang died to become a national day for freedom of speech, and want the government to protect freedom of speech. The death of Li, who was threatened by security forces...

Montreal budget: N.D.G., Verdun, Plateau homeowners face biggest hikes

Mayor Valérie Plante says the budget is geared to her administration's four priorities: mobility, ecological transition, housing and economic development. John Mahoney / Montreal Gazette Residential property taxes will go up by an average 2.1 per cent while taxes on commercial properties will rise by 1.5 per cent under Montreal’s $6.17-billion budget for 2020.While owners of single-family...

‘A refreshed experience’: New digs give annual Souk more flexibility

The Souk event, a yearly design/creativity rendez-vous where everything is made in Montreal and people can shop for the holidays or check out the newest trends, is in its 16th year. Founder and organizer Azamit at the new location, the former RCA building in Montreal on Friday, Nov. 22, 2019. Dave Sidaway / Montreal Gazette For 15 years, Montrealers knew it as the Souk @ SAT, an annual juried...

Former Desjardins CEO Claude Béland dies at 87

Claude Béland is seen in 1997 photo. File photo / Montreal Gazette Claude Béland, the former president of the Mouvement des caisses Desjardins, has died at 87.Quebec Premier François Legault offered his condolences on Twitter, hailing Béland as a man who was “very socially involved in helping Quebec to advance.”Described by his biographer, Jean-Pierre Girard, as a “true apostle of...

Many immigrant workers exploited by warehouse employers, labour report reveals

“Warehouse work in Montreal is structured so that employees have a minimal capacity for collective organization,” Mostafa Henaway, of the IWC, said in a statement. Dave Sidaway / Montreal Gazette file photo Montreal’s warehouses routinely exploit a large segment of immigrant workers, a new report has found.A survey carried out last summer by the Immigrant Workers Centre (IWC) observed that...

Brownstein: Santa skips Ste-Catherine St., leaving merchants less jolly

James Gaspar used to love the holiday season. On occasion, he would even bring out his inner Burl Ives (ask your grandparents) and start crooning: “Have a holly, jolly Christmas … It’s the best time of the year.”“Not so holly, jolly this year,” a shrugging Gaspar mutters.That has a lot to do with the fact business is down at his iconic Ste-Catherine St. burger house, Mr. Steer, and...

Cannabis: SQDC to open a Pointe-Claire location by end of March

Cannabis is coming to Pointe-Claire. The SQDC has signed a lease and will open a store at 1866 Sources Blvd. — onetime home to the bar Bourbon Street West — by the end of March.The outlet will bring the number of Montreal area stores to five, including current locations on Ste-Catherine St., St-Hubert St., de l’Acadie Blvd. and Queen Mary Rd.The new shop will offer the same products as all...

As propane shortage worsens, Quebec farmers push for end to CN strike

Frustrated farmers from the Montérégie region formed a convoy of more than a dozen tractors and drove into downtown Montreal on Friday afternoon, calling for authorities to find a way to resume propane shipments that have been cut off since Tuesday by the Canadian National Railway strike.Starting with a protest outside the offices of Brenda Shanahan, Liberal MP for Châteauguay—Lacolle, the...