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It’s day 120 since Canada’s 100th coronavirus case. The number of cases is 106,367 as of publication time, up 201 since yesterday—a 16 per cent decrease from the seven-day prior average of 238 new cases. At its peak on May 3, the seven-day average was 1,603 new cases a day.
The “lipstick index”—the idea that, during economic downturns, consumers turn to affordable pick-me-ups like a new lipstick—may be over in the age of face masks. The pandemic has instead given way to “the nail polish effect.”
The cost of a crisis: Finance Minister Bill Morneau’s “snapshot” suggests the federal government believes it has kept the economy afloat through the COVID-19 crisis. But Ottawa is looking to employers to fuel the post-pandemic economic recovery, signalling an expansion to its wage-subsidy program to incentivize hiring as the deficit climbs to near-record levels.