Bloomberg The world’s most powerful economies agreed to back plans for so-called vaccine passports in a bid to pull the travel and tourism industry out of a pandemic-fuelled slump. Tourism ministers from the Group of 20 threw their weight behind the new certificates, stressing that a resumption of normal activity for the sector is crucial to global economic recovery, according ...

Bloomberg Toronto’s housing market last month posted the sharpest drop since the early weeks of the Covid-19 crisis, as buyers and sellers took a breather from a frenetic pace amid surging infections and renewed lockdown measures. The number of properties changing hands in Canada’s largest city declined 20% in April on an annualized basis from the month before, while the ...

Bloomberg The US job market is suffering from growing pains as the economy rapidly reopens. While economists are optimistic about future growth, employers are facing hiring challenges as well as supply chain disruptions and higher costs. The jobs report from the Labour Department showed the US added 266,000 jobs in April, far short of the 1 million gain economists had ...