Blog

We look at governments’ “antiviral injections” of cash, which are critical to buttress economies against the economic threats posed by the pathogen.

The Bank of Canada Governor did not make any new policy announcements today but ran through the long list of policies put in place to support the financial system and ensure that credit is available to households and businesses.

Canada's federal government announced a stimulus package of $27 billion (1.2% of GDP) in direct spending, and $55 billion (2.4%) in tax deferrals for individuals and businesses.

As more of North America and Europe shuts down in order to mitigate the rapid spread of COVID-19, a recession in both regions looks more likely.

As if the further spread of coronavirus (COVID-19) wasn’t enough for equity and fixed income markets to contend with, the collapse in crude oil prices has exacerbated volatility and heightened economic uncertainties.