A downturn like no other

A downturn like no other

April 09, 2020 |RBC Economics

The economic cost of the COVID-19 crisis may pale in comparison to the human cost.

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Market update: A very different kind of crisis

April 07, 2020 |Kelly Bogdanova, Patrick McAllister, CFA and Christopher Girdler, CFA

The paths of financial markets and economies almost always involve uncertainties—it’s par for the course. But the abundance of uncertainties brought about by COVID-19 is making the science (and art) of economic forecasting unusually difficult.

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COVID-19 hit to housing market is just the beginning of a tough period

April 03, 2020 |Robert Hogue
Canada's housing market passed a major inflection point mid-March Early results from local real estate boards show a sharp drop-off in home resales in the second half of the month after what was a strong first half. We expect activity to slow to a crawl...
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Government policies to offset COVID-19 shock on low-wage workforce

April 03, 2020 |Andrew Agopsowicz

The COVID-19 shock has hit the services sector staggeringly hard—a sector that has traditionally served as an economic buffer in past downturns.

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Breaking down the Fed’s response to COVID-19

April 02, 2020 |RBC Portfolio Advisor Group

The Fed is adding a new twist to its asset purchase program by buying corporate and municipal bonds. The question is, should investors do the same?

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Global equities: Uncertainty everywhere

April 02, 2020 |Jim Allworth and Kelly Bogdanova

Growing uncertainty about the future course of the pandemic and economy has persuaded us to move our recommended equity positioning to Underweight

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The U.S. economy is exposed and vulnerable … what’s next?

April 02, 2020 |Kelly Bogdanova

We explore the economic scenarios that could unfold depending on the path the virus takes and the different ways the recovery could play out in 2021.

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Bold and broad: federal government announces details for wage subsidy

April 01, 2020 |Colin Guldimann
Highlights: Ottawa pledges $71 billion to pay 75% of wages up to $847 per week for workers in hard-hit industries Government estimates amount to paying about a quarter of earnings in the economy for three months Support will be for firms with revenues...
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