Bank Of Canada Gets Authority To Buy Corporate And Municipal Debt

in economy •  8 days ago 

Even unlimited quantitative easing from the Fed can’t buoy markets: Victor Ferreira


'I don't think there's anything the Fed or Congress can do' to stop a contraction

Consumer watchdog keeping close eye on banks’ offer of coronavirus mortgage relief: Geoff Zochodne


Banks have been swamped with calls and customers have been voicing frustration online

Why buy and hold may not be the best strategy for the coronavirus selloff: Martin Pelletier


Martin Pelletier: Sitting tight may be exactly the wrong thing to do as there may be irreparable damage done, especially in such volatile periods

Maple Leaf Foods, Spam-maker Hormel paying workers bonuses to keep plants going: Bloomberg News


Cash bonuses, pay raises and extended sick leave

Bank of Canada gets authority to buy corporate and municipal debt: Bloomberg News


The central bank may be forced to begin a quantitative easing program for the first time in history

Toronto e-sports firm Enthusiast Gaming sees 40% traffic surge in wake of COVID-19: The Logic


Enthusiast is hoping the surge will help it become a billion-dollar business

David Rosenberg: It’s time for investors to start saying the D-word — this economic damage could be double 2008: David Rosenberg


David Rosenberg: We are dealing with a health shock, a self-imposed economic shock and a financial shock all at once

‘More severe than any stress test’: HOOPP takes hit in market carnage but remains fully funded, CEO Keohane says: Barbara Shecter


Jim Keohane says the near economic shutdown in response to the coronavirus pandemic is beyond anything he imagined even in worst-case scenarios

Brookfield CEO sees coronavirus market meltdown as ‘manageable’: Bloomberg News


'It never feels very good to have this degree of chaos, but this will pass'

Trump wants to ease advice telling people to stay at home to curb economic rout from COVID-19: Bloomberg News


Trump and contingent of aides want to ensure economic damage from nationwide 'social distancing' doesn't outweigh potential toll from virus itself

Shopify well placed to weather economic fallout from COVID-19, say analysts: The Logic


Shopify’s mix of big brands and small merchants could insulate it from the worst effects of an economic downturn

U.S. stock futures rebound, dollar drops on Fed pledge to support economy: Bloomberg News


S&P 500 and Nasdaq 100 futures had earlier fallen to their daily limits, but they gradually recovered before the Fed news helped them erase all their losses

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COVID-19 LIVE UPDATES: Canadian business and economic news from the coronavirus pandemic: James McLeod


As the COVID-19 pandemic continues to force drastic social distancing measures, the economic ramifications continue to unfold. Financial Post technology reporter James McLeod is maintaining a liveblog of market updates and key developments for Canadian busine…

Doom Eternal review: Would you like some blood with those guts?: Chad Sapieha


Id Software's latest shooter is truly a gamer's game, fully focused on glorified violence and addictive action

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Euro zone to discuss bailout fund use in coronavirus fight on Tuesday - Financial Post:


BRUSSELS — Euro zone finance ministers will discuss European Commission proposals to make use of the bloc’s bailout fund to fight the economic impact of the coronavirus pandemic in a te…

U.S. Federal Reserve brings out bazooka with unprecedented new buying to battle ‘tremendous hardship’ of coronavirus crisis: Reuters


It will begin backstopping an unprecedented range of credit for households, small businesses and major employers

Stocks tumble again as Morgan Stanley sees U.S. economic growth plunging to 74-year low on coronavirus crisis: Reuters


With so much uncertainty about when any semblance of normality might return there are few places to really hide

Canada’s export agency sees a global recession before a strong 2021 rebound: Reuters


EDC notes that unlike the 2008 fiscal crisis, global demand is not fundamentally weak

Only half of Canadians set and follow a budget. This app makes sticking to one easier: Postmedia Network


Canadians who rely on digital budgeting tools are among the most likely to stay on top of their finances.

amnimo Inc. Starts Development of High-performance, Robust LTE Gateway (Edge Gateway) for Industrial Use - Financial Post:


TOKYO — amnimo Inc. (Headquarters: Musashino City, Tokyo; President & CEO: Koichi [Casey] Taniguchi; hereafter, “amnimo”) starts developing an industrial-use LTE gateway, &ldq…


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