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

Apr 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...
Read more

Government policies to offset COVID-19 shock on low-wage workforce

Apr 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.

Read more

Bold and broad: federal government announces details for wage subsidy

Apr 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...
Read more

A tough but temporary blow to Canada’s housing market

Mar 30, 2020 |Robert Hogue
Housing trends and affordability - COVID-19 edition Highlights: Pandemic has soured the outlook almost overnight: Social distancing and the economic shock will cut home sale activity to a trickle near term. The timing and speed of the eventual rebound...
Read more
Canadian flag markets

Canadian dollar weakened but not headed for historical lows

Mar 27, 2020 |Josh Nye

Canadian dollar traded below 70 cents this week, but don't dust off “Northern Peso" references

Read more

BoC cuts rates and joins the QE club

Mar 27, 2020 |Josh Nye

The Bank of Canada lowered its overnight rate to 0.25% this morning and launched a new program of weekly government bond purchases that represents the bank’s first foray into quantitative easing.

Read more

Federal fiscal support: phase one done but a long way to go

Mar 24, 2020 |RBC Economics

Canada's phase one of the COVID-19 fiscal stimulus was launched only a week ago and already it appears that it isn't enough.

Read more

COVID-19’s threat to Canada’s vulnerable workers

Mar 23, 2020 |Andrew Agopsowicz

Measures to stem the spread of COVID-19, while essential to protect the population, have temporarily wiped out demand for services, taking an immediate heavy toll on Canadian labour markets.

Read more
Bank of Canada Commits to Do What’s Necessary to Keep System Running

Bank of Canada commits to do what’s necessary to keep system running

Mar 18, 2020 |Dawn Desjardins

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.

Read more
Phase One COVID-19 Stimulus Mostly Helps Households

Phase one COVID-19 stimulus mostly helps households

Mar 18, 2020 |Colin Guldimann

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.

Read more