A survey finds the “overwhelming majority” are financially prepared in the short term
Sharp declines are expected for March and April
Personal incomes also fell sharply last month
Some economists hold out hope for a quick and robust recovery once the health crisis is solved
The rating agency's downside scenario for the global economy would impact a wide swath of ratings
StatsCan estimates suggest the Canadian economy pulled back 9% in March
The program will also provide three-year loans, up from the two-year loans the Fed previously announced
Banks' balance sheets growing rapidly as Covid-19 response ramps up
The March decline is the second-biggest decline on record
In March, sales were down more than 15%