Taking faith to the bank
As Canadians deal with the pressures of a financial crisis, there is opportunity to be found in Catholic values
Bank failures underscore 'obligation' for prudence
After the failures of two banks in March, the U.S. government has taken steps to prevent similar failures and the risks such failures would present to the economy. The precarious situation illustrates what one Catholic commentator described as the need for government and banks to take seriously the "solemn obligation" of prudence in banking policy for the sake of society's common good.
Catholic gift stores staggered by inflation
The Canadian Consumer Price Index (CPI) offered one ray of good news as the 7.6 year-over-year growth rate for July braked from June’s 8.1 per cent gain.
Religious goods caught in supply woes
Canada’s Catholic gift stores are not immune to the problems that have turned into a global supply chain crisis.
AMMAN, Jordan -- Lebanon's Christian authorities have accused political leaders of plunging the nation into economic ruin and potential famine as the tiny Mediterranean country faces it worst crisis since the 1975-1990 civil war.
‘Just Recovery’ looking past the pandemic
OTTAWA -- More than 150 organizations, including Catholic and other religious groups, have united to support six “Principles for a Just Recovery” which they hope will influence what Canada will look like after COVID-19.
Staring down the barrel of a $5 million deficit, Development and Peace is laying off its 70 employees for eight weeks over the summer while management takes unpaid leaves of absence or reduces their working hours to two or three days a week.
WASHINGTON -- The coronavirus pandemic that has impacted the health and economy of the nation particularly dealt a blow to Catholic higher education, from the large universities with hefty endowments to smaller liberal arts schools.
Dioceses learning to deal with cash crunch
Cash-strapped dioceses across Canada have been applying for assistance through federal programs but they don’t expect to see any money until at least June.
John Milloy: Catholics called to action
Economic rules primed for a change
As cases of COVID-19 peak in Canada and talk ramps up about reopening the economy, the economy we return to may not be the same.
Polish church warns of water shortages during pandemic
WARSAW, Poland -- Poland's Catholic bishops have urged nationwide prayers for rain, amid warnings huge areas of farmland could be ruined by drought during the COVID-19 pandemic.
Editorial: A worthy idea
Among the lessons driven home by the COVID-19 crisis is that people and societies are morally bound to care for one another. This care is accomplished in many ways but one gaining wide attention, including encouragement from Pope Francis, is the potential merit of paying everyone a state-guaranteed income.
Retailers look for silver lining in tough times
Economic disruption due to COVID-19 has brought business to a near standstill for Catholic merchandise retailers across the Greater Toronto Area.