The bank said it expects the eurozone economy to shrink by 8.7% this year
Canada among the leaders in fiscal and monetary efforts to fight Covid-19 fallout
Sales in Toronto were down almost 54% year over year in May
Businesses can avoid permanent layoffs and severance payments
CERB has already paid out more than $41 billion, surpassing its $35-billion budget
The estimate is uncertain, due to the lack of precedent for this kind of program
The previous estimate was $252.1 billion, before recent pandemic measures
The pandemic has dealt a blow to the travel, retail and oil industries
Applications open Monday but business groups have warned that landlords may not take part
The terms are designed to make sure companies using the program receive bridge loans, not bailouts