TSX see biggest weekly gain since 2009 on Fed aid

U.S. stocks posted the biggest weekly gain since 1974 as investors looked past staggering jobless numbers when the Federal Reserve released new measures to cushion the fallout from the coronavirus. Oil fell as investors saw a supply-curb proposal as insufficient.

The S&P 500 Index rallied for the third time in four days, bringing this week’s increase to 12 per cent. The Fed announced another series of sweeping steps to provide as much as US$2.3 trillion in additional aid just as data showed the number of claims for unemployment benefits surged for a third week. Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases, said U.S. fatalities from COVID-19 may be far fewer than earlier projections.

Canada’s main stock index ended its best week in more than a decade as a massive intervention by the U.S. Federal Reserve offset weak employment numbers on both sides of the

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Pacific nations stay vigilant against coronavirus in cyclone’s aftermath By Reuters

© Reuters.

By Lidia Kelly

(Reuters) – A powerful cyclone that hit the Pacific Island nations this week bringing death, injuries and destruction cannot be allowed to disrupt containment efforts against the spread of the coronavirus, officials in the region said.

Cyclone Harold, a Category 5 storm with winds in excess of 251 km/h (156 mph) passed through the Solomon Islands, Vanuatu, Fiji and Tonga, cutting power and destroying holiday resorts.

Dozens of people were killed when they were swept off a ferry off Solomon Islands.

Tonga’s government said on Friday the island of ‘Eua was without electricity and a number of houses were damaged, but no deaths had been reported.

Although no deaths were reported in Fiji, 26 people were injured and more than 6,000 people were evacuated from their homes during the storm.

“#CycloneHarold may be gone, but coronavirus is still in our midst,” Prime Minister Voreqe Bainimarama

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When will stimulus checks be direct deposited or mailed? These steps can help ensure yours is not delayed

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At long last, the checks are in the mail. Or they will be soon, at least.

According to the federal government, many Americans could start seeing their coronavirus stimulus checks—part of the $2.2 trillion CARES Act signed by President Trump last month—arriving imminently. The direct payments are meant to provide Americans with financial aid during what’s been an abrupt, yet severe, economic downturn due to the coronavirus pandemic.

Millions of taxpayers could receive their payments as soon as mid-April, according to government officials. Here’s how to make sure you receive yours as quickly as possible.

How will I receive my stimulus check?

First in line will be Americans who have their direct deposit bank account information on file with the Internal Revenue Service. These individuals

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