Economic Indicators

U.S. economy shrank by 4.8% in Q1 as virus struck

GDP posted a quarterly drop for the first time in six years

April 29, 2020

2 min read

Economic Indicators

Don’t click that link: cops warn of Covid-19 scams

Toronto Police have issued an alert warning of various pandemic-themed frauds

By James Langton |April 28, 2020

1 min read

Economic Indicators

CRA says it won’t force households into bankruptcy

The agency has proposed deferring payments for financially troubled households

By James Langton |April 28, 2020

1 min read

Economic Indicators

Q1 profits down for HSBC Bank Canada

The bank expects the downturn to hurt loans

By The Canadian Press |April 28, 2020

1 min read

Economic Indicators

Federal Reserve expands lending program for cities and counties

The program initially allowed only 10 cities and 16 counties to participate

By Christopher Rugaber, The Associated Press |April 28, 2020

2 min read

Economic Indicators

Fed to meet this week amid economic crisis

Powell will likely face questions about the extraordinary lending actions the Fed has taken

By Christopher Rugaber, The Associated Press |April 27, 2020

4 min read

Economic Indicators

IIAC calls for tax relief

Group says changes would help retirement savings, investor confidence

By James Langton |April 27, 2020

1 min read

Economic Indicators

Fitch predicts central banks will spend US$6T on QE

The rating agency reports that central banks’ balance sheets are “expanding extremely rapidly”

By James Langton |April 24, 2020

1 min read

Economic Indicators

Small biz gets federal support for rent

Canada Emergency Commercial Rent Assistance aims to lower rent by 75%

By The Canadian Press |April 24, 2020

2 min read

Economic Indicators

Applications open in May for B.C.’s emergency benefit

The $1,000 tax-free benefit is for workers affected by Covid-19

By The Canadian Press |April 24, 2020

1 min read

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