We think the best way to go about modeling economic growth over the next few quarters is to create a set of plausible scenarios and adjust the probability of each scenario according to incoming data on the evolution of COVID-19.

Attached are details about the lower estimates along with thoughts from RBC’s U.S. equity strategist and the Global Portfolio Advisory Committee. We think there is more market volatility in store—both to the downside and upside.

topics: - Support for individuals, workers - Delay of filing dates for taxpayers - Child tax benefit payments - Mortgage payment deferrals - Support measures in place for small business - Wage subsidies