Canada among the leaders in fiscal and monetary efforts to fight Covid-19 fallout
Executives have realized that remote-based operations can continue in a post-pandemic world
Consumer and business insolvency filings drop sharply
Sales in Toronto were down almost 54% year over year in May
Businesses can avoid permanent layoffs and severance payments
Some homeowners resorted to HELOCs before government programs kicked in
ATB Financial was also hit by higher loan loss provisions
Chief executive says the bank entered the crisis from a position of strength
CERB has already paid out more than $41 billion, surpassing its $35-billion budget
The more pessimistic scenario could see deferred mortgages turning into foreclosures