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Business and financial district in a city with pillars

CEO out, Sabia in as new chair as Liberals shake up infrastructure bank

Pierre Lavallee is no longer CEO of the infrastructure financing agency the Liberals created two years ago

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Growth in shadow banks outpaces traditional banks

DBRS warns of systemic risks lurking in the shadows

Portrait of confused businessperson thinking of innovative idea at grey wall.

Understanding CERB, EI and the feds’ wage subsidy

A roundup of federal assistance for the Covid-19 crisis

Businessmen are skeptical looking at stock market charts.

Canadian fixed-income ETFs see monthly outflows of $1.3B

The category had inflows in every month of 2019

  • By: Staff
  • April 3, 2020 April 3, 2020
  • 11:58
stock market price abstract

Volatility sparks surge in trading

TMX reports almost 23 billion shares traded in March

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Fund companies report lower AUM on falling markets

Investor outflows also played a role in lower assets

Toronto skyline in financial district

Banks flooded with requests for mortgage deferrals

The Canadian Bankers Association says banks have fielded almost 500,000 requests for deferrals

Parliament buildings at sunset

Morneau says feds simplified eligibility for Covid-19 relief to speed up payments

An analysis has found that one-third of unemployed Canadians will not be able to access EI or the CERB

calculating numbers for income tax return with glasses pen and calculator

PBO releases cost estimate of certain Covid-19 measures

The GST payment, Canada Child Benefit top-up and reduced RRIF withdrawal are expected to cost more than $8B

Airplane in the sky and cloud at sunrise

Trade data show Covid-19 effects

Exports of travel services declined by 5.8% in February, StatsCan says

A record number of American workers seek unemployment benefits

U.S. workers receive $600 a week in jobless aid as part of the country's economic rescue package

Parliament Hill building closeup in Ottawa, Canada

Morneau releases details, price tag for wage subsidy

Funds are expected to start flowing in about six weeks

  • By: Staff
  • April 1, 2020 April 2, 2020
  • 17:49
Parliament buildings at sunset

Parliament must sit again to pass wage-subsidy legislation: Trudeau

The Liberals are promising a 75% wage subsidy for businesses that have lost 30% of their revenue due to Covid-19

Canada’s fiscal stimulus points to ‘strong recovery,’ DBRS says

The rating agency says Canada has the capacity to deliver on its relief efforts

Distancing, economic uncertainty to hurt home sales: RBC

Home resales could dive to a 20-year low, a report says

StatsCan says Covid-19 has lowered prices for raw materials, industrial products

Crude energy prices dropped by almost 10% in February

Don’t just merge the SROs, says FAIR Canada

A merger "would not be adequate given the shortcomings of the current SRO system"

Report finds staying the course during downturns pays off

Dalbar examined the 10 most severe market downturns since 1984

IIROC to provide exemptions for Covid-19

Dealers must apply in writing regarding issues resulting from the pandemic

Banks respond to BoC cut by lowering prime rates

Horizons has also reduced fees on a high-interest savings ETF

  • By: Staff
  • March 30, 2020 March 30, 2020
  • 11:38

From passive investors to active shareholders

ETF growth is building proxy power for passive managers

Behavioural ETFs look to profit from other investors’ biases

Overreactions create opportunities for contrarians to move against the herd