Financial sector could be a Covid-19 long hauler: Fitch
Banks in particular face future earnings, ratings challenges due to pandemic
- By: James Langton
- November 27, 2020 November 27, 2020
- 15:18
GST and capital gains tax increases are the most likely candidates, report says
Next week's fiscal update to focus on pandemic spending
Current spending levels of 1.3% of GDP could soar to 4.2% by 2041, says report
The Bank of Canada now holds just under one-third of federal debt
Canada among the housing market leaders, both short and long term
With Biden's transition underway, investors have shifted their focus to Covid vaccines and economic recovery
Ahead of the second wave, payroll employment remained well below pre-pandemic levels
Approximately 88% of excess deaths were in those over age 65
Canadian assets in responsible investments reached $3.2 trillion at the end of 2019
Financing carbon capture projects needed to salvage the environment and the economy
Anxiety over a double-dip recession is rising as economists look ahead to a "grim" winter
Some have called the pandemic's disproportionate effect on women a ``she-cession''
Traders were encouraged to see Biden select former Fed chair Janet Yellen as treasury secretary
Oil and gas will still make up nearly two-thirds of energy sources in 30 years, report says
Economic activity already showed signs of slowing in October, a report says
The decline reflected a big drop in consumer expectations for income, business and labour market conditions
Stocks, yields and sentiment are all rising despite renewed lockdowns
Compliance challenges must be resolved to enable innovation, paper says
Google is coming after the traditional banking business with a new digital bank account
System remains resilient, but cyber risks and rising defaults are key concerns
Data from IFIC for October shows mutual fund sales topping ETF sales
Economists on average had expected an increase of 0.2%