Consumer credit plunges in April thanks to Covid-19 relief
Some homeowners resorted to HELOCs before government programs kicked in
- By: IE Staff
- June 1, 2020 June 1, 2020
- 11:46
Some homeowners resorted to HELOCs before government programs kicked in
Economists expect that the effects of the pandemic will take a while to overcome
The drop in household spending was broad, while the savings rate was up
The TSX was down just over 9 points on Thursday
Study finds those under financial pressure worry more about lockdown effects
J.D. Power suggests self-directed investing firms focus on client onboarding and mobile apps
The outcome may be worse for the April-June quarter, economists predict
The TSX closed up 123.91 points on Wednesday
Member nations are struggling to protect healthcare systems, businesses and jobs amid pandemic
The previous estimate was $252.1 billion, before recent pandemic measures
The TSX closed up 72.70 points on Tuesday
Net assets totalled $409.6 billion for the fiscal year ended March 31
The TSX closed up 161.78 points on Monday
Pandemic relief efforts are also creating an economic trade-off
Report says lockdowns should not be repeated in the face of a second wave
The TSX closed up 28.79 points on Friday
There could still be challenges related to uneven demand
Equity funds led mutual fund gains, while ETF sales slowed compared with March
A 15.6% drop is forecast for April, said Statistics Canada
The TSX closed down 112.78 points on Thursday
Rating agency sees long-run implications from crisis