This morning we’ll find out how sharply Canada’s economic output collapsed in the early days of COVID-19 lockdown measures.
Statistics Canada is expected to report today that economic growth swung negative in March and the first quarter as a whole due to the COVID-19 pandemic.
The Federal Reserve’s weekly balance sheet update showed its holdings of exchange-traded funds continued to grow over the past week, while also signaling that a lending program for states and municipalities would soon be operational.
The COVID-19 shock could spur an acceleration in global inflation driven by massive monetary and fiscal stimulus or a spell of deflation as demand craters. Japan’s experience suggests the latter is the bigger risk.
Ontario Premier Doug Ford has a message for investors in the aftermath of this week’s scathing Canadian Armed Forces report on alleged abuse and neglect in long-term care homes: it’s time to hold management teams to account.
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