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Canadian dollar traded below 70 cents this week, but don't dust off “Northern Peso" references
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.
Washington is doing whatever it takes and then some. We look at who gets what from the massive relief, and consider the impact for the economy.
Today's initial claims figure was at the upper end of the wide range of market expectations.
The Ontario government yesterday was the latest to unveil a hefty $17 billion action plan (1.9% of GDP) to tackle the COVID-19 pandemic.
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.
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.