Fund industry weathers stock market storm
Reports on sales and assets offer initial glimpse of industry impact
- By: James Langton
- April 3, 2020 April 3, 2020
- 11:24
Reports on sales and assets offer initial glimpse of industry impact
The S&P/TSX composite index closed up 221.36 points on Thursday
The reports cover GST, the Canada Child Benefit and reduced RRIF withdrawal amounts
Regulatory relief has positive and negative consequences
Data collection affected by the pandemic, StatsCan says
Corporate earnings could see the biggest impact from the pandemic in Q2
The TSX closed down nearly 4% on Wednesday
Global debt markets set records, while equities were down as volatility erupted
Fiscal policy can't end a pandemic, but it can enable the eventual recovery
The S&P/TSX composite index closed up 2.6% on Tuesday
New tool forecasts 1 million infections by Friday
A strong start in January quickly evaporated
February data shows early effects of Covid-19 on prices for raw materials, industrial products
Since January, the pandemic and a collapse in oil prices have significantly affected the economy
Research sees index funds taking over as asset growth slows
The TSX closed up 2.8% on Monday
Canada's fiscal efforts will cushion the blow and set the stage for a rebound
Researchers estimate the value of lives saved represents at least one-third of U.S. GDP
Each month of containment cuts annual GDP by 2%, the organization says
The deficit for the fiscal year ending March 31 will also be higher than forecast
The data will help track the pandemic's effects on employment and earnings
The index closed up 1.8% on Thursday