Trudeau promises $82B in economic support in Covid-19 fight
The single biggest item is deferring tax payments until August, accounting for an estimated $55 billion
- By: The Canadian Press
- March 18, 2020 March 18, 2020
- 15:33
Latest news in Industry News
Liquidity measures abound, but markets remain spooked
Experts weigh in on whether stimulus packages will be enough
- By: IE Staff, The Associated Press
- March 18, 2020 March 18, 2020
- 13:45
Canadian banks move to help customers, allow deferral of mortgage payments
Banks will allow customers to defer mortgage payments for up to six months
- By: The Canadian Press
- March 18, 2020 March 18, 2020
- 11:19
No love for reduced trading hours
CME Group chief argues against a shorter trading day
- By: James Langton
- March 17, 2020 March 17, 2020
- 16:08
CFTC provides relief to enable social distancing
Requirements have been relaxed to enable firms to operate remotely
- By: James Langton
- March 17, 2020 March 17, 2020
- 15:30
Quebec delays tax-filing deadline
Government takes steps to accommodate the effects of public health measures on tax season
- By: James Langton
- March 17, 2020 March 17, 2020
- 13:04
Big banks working together to limit branch hours, emphasize mobile banking
Special care will be given to branches in rural communities
- By: The Canadian Press
- March 17, 2020 March 17, 2020
- 12:41
Several banks lower prime lending rate — again
The cut is the second in two weeks
- By: The Canadian Press
- March 17, 2020 March 17, 2020
- 12:40
Feds launch revised insured mortgage purchase program
The measure provides liquidity for lenders
- By: IE Staff
- March 16, 2020 March 16, 2020
- 17:33
GMP-Richardson deal on hold
Market volatility results in postponement
- By: James Langton
- March 16, 2020 March 16, 2020
- 17:15
TSX, Nasdaq scale back on-site staff
There will be more remote working, and Nasdaq is set to close an options trading floor in Philadelphia
- By: James Langton
- March 16, 2020 March 16, 2020
- 11:32
Study says few workers have paid leave, qualify for EI if off job due to Covid-19
Most of the workers who could use financial assistance can't easily work from home
- By: The Canadian Press
- March 16, 2020 March 16, 2020
- 10:41
Supreme Court rules on tax treatment of derivative
Majority rules derivative was used as a hedge, not to speculate
- By: James Langton
- March 13, 2020 March 13, 2020
- 15:56
Bank of Canada cuts rate target to 0.75% in response to Covid-19
The announcement came alongside measures announced by the federal government
- By: The Canadian Press, IE Staff
- March 13, 2020 March 13, 2020
- 14:50
House of Commons closes for five weeks over Covid-19 concerns
The federal budget, slated for March 30, was postponed
- By: The Canadian Press
- March 13, 2020 March 13, 2020
- 12:21
Coronavirus, drop in oil prices could mean recession, RBC says
Canada's economy is expected to contract in the second and third quarters
- By: The Canadian Press
- March 13, 2020 March 13, 2020
- 12:08
Bank of Canada pumps $7B, expands bond buy-backs to ease economic concerns
The response came after sharp drops Thursday on North American stock markets
- By: Jordan Press
- March 13, 2020 March 13, 2020
- 11:46
Broker preferencing for Nasdaq CXD
Exchange gets regulatory approval for feature that aids internalization
- By: James Langton
- March 12, 2020 March 12, 2020
- 13:52
CME to shutter trading floor
Move reflects efforts to stem the spread of Covid-19
- By: James Langton
- March 12, 2020 March 12, 2020
- 11:15
European Central Bank deploys stimulus to ease virus damage
The ECB decided to buy up to 120 billion euros more in bonds this year
- By: David McHugh, The Associated Press
- March 12, 2020 March 12, 2020
- 10:47
Your senior clients may be eligible for these benefits, credits and expenses
Follow these tax tips from the CRA
- By: IE Staff
- March 11, 2020 March 11, 2020
- 12:42
Bank of England cuts key interest rate in response to virus
The cut took the main rate to a record-low 0.25%
- By: Pan Pylas, The Associated Press, The Associated Press
- March 11, 2020 March 11, 2020
- 11:07
U.S. consumer prices grew 0.1% in February as food costs rose
Services continued to be the main driver of price gains
- By: Christopher Rugaber, The Associated Press, The Associated Press
- March 11, 2020 March 11, 2020
- 10:49
Quebec budget hikes spending to ‘stimulate’ economy amid global uncertainty
The Coalition Avenir Quebec government's second budget projects a $2.7-billion surplus
- By: Giuseppe Valiante
- March 10, 2020 March 10, 2020
- 16:35