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April 27, 2020
Unprecedented restrictions on businesses due to the coronavirus pandemic have resulted in a record 26.5 million Americans filing for unemployment benefits since mid-March. The White House sees this month’s jobless rate hitting 16 per cent or higher.
In Canada, at least 46,644 cases have been reported, more than double the number from 16 days ago. There have been 17,243 recoveries and 2,560 deaths. Health officials have administered 729,744 tests.
Around the world: 2,948,654 cases confirmed with 860,762 recoveries and 205,610 deaths reported.
As financial institutions emerge from several intense weeks of launching emergency relief programs, a realization is growing that businesses will need less burdensome, more patient forms of funding to stay afloat.
Michel Ouellette, ll.l, ll.m
Business Growth Strategist
Systemic Strategic Planning / Crisis & Reputation Management
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