The former politician served on Manulife’s board for three years
Patterson served as a deputy governor at the central bank from 2014 until her retirement in 2019
Government to extend Canada Emergency Business Account program
Most applications for mortgage deferrals were approved in March and April
Economic shock of pandemic not yet fully reflected in housing market data
Major financial transfers to individuals were up 193% compared to last year
Company bests expectations but profit is still down
Real GDP contracted at an annualized rate of 38.7%
BoC governor Macklem urged central bankers to up public communication in a Friday speech
The bank earned $2.25 billion in the quarter, down from a profit of $3.25 billion a year earlier