Regulator unveils measures to give banks, insurers and pensions operational flexibility
Regulators agree to push back implementation of certain provisions for a year
The relief comes as small business confidence falls to an all-time low
The pandemic's impact surpasses the rating agency's previous expectations
Covid-19 effects dragging down revenues, raising credit loss expectations
Top executives at other big banks also saw their compensation decline last year
Banks will allow customers to defer mortgage payments for up to six months
Special care will be given to branches in rural communities
The cut is the second in two weeks
The response came after sharp drops Thursday on North American stock markets