Costly Covid Stimulus Loads $343 Billion onto 2020 Deficit
July 8, 2020
Finance Minister Bill Morneau's fiscal snapshot shows a $343 billion deficit. RBC Economics expects further ratings downgrades, but if spending is contained in the near-term debt should remain sustainable.
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Managing Covid Outbreaks Key for the Path to Economic Recovery
July 10, 2020
Equity market rally faded amid concerns about a resurgence in COVID-19 infections. The path forward remains cloudy as restrictions continue.
Home Buyers and Sellers Play Catch-up in June
July 7, 2020
Home resales rose sharply between May and June as pent-up demand and an influx of new listings drove the increase.
Behind Ottawa’s “fiscal snapshot,” the broader picture is clear
July 6, 2020
Canadian economy is severely strained by COVID-19 and RBC Economics expecting budget deficit of $265 billion this year.