Canadian housing once seemed so infallible that the head of the world’s biggest asset manager in 2015 described Vancouver condos as a better store of wealth than gold. The coronavirus is putting that theory to the test. While lockdowns, job losses and uncertainty are roiling property markets from the U.K. […]

Global policy-makers shoved pandemic risk aside and spread climate alarm instead One of the noble houses of global macroprudentialism, the International Monetary Fund, declared Tuesday that “The Great Lockdown” will plunge the global economy into the “worst recession since the Great Depression, surpassing that seen during the global financial crisis a […]

Bank expects economic activity to slow by as much as 30% from end of 2019 After cutting it three times in barely a month, the Bank of Canada kept its benchmark interest rate steady at 0.25 per cent on Wednesday, despite an economic outlook that’s looking more and more like one […]

Doing “whatever it takes” to save the global economy from the coronavirus pandemic is going to cost a lot of money. The U.S. government alone is spending a few trillion dollars, and the Federal Reserve is creating another few trillion dollars to keep the financial system from collapsing. A custom […]

Physical distancing and isolation measures may force family court system to change for the better With courts closed across the country, separated and divorced couples are facing the prospect of not having access to a judge for what could be months. The courts have made exceptions for urgent cases, but these […]

Without support from the richest economies, some of the world’s poorest could face catastrophe, experts warn Even as millions of Canadians look to Ottawa for support through the COVID-19 lockdown, there are growing concerns that chaos in the world’s most indebted regions will delay a global economic recovery. Reports of a […]

This is the very best that we are: Because COVID-19 infections are below forecast levels in Alberta, the provincial government is donating ventilators and personal protective equipment to Ontario, Quebec and British Columbia. “I, for one, as an Albertan and as a Canadian, could not in conscience watch us stockpile […]

Doctors have been preparing for the worst, a deluge of desperately ill COVID-19 patients who are overwhelming resources and making the necessary decisions about who receives life-saving care. On the plane to it, many doctors, nurses, and other personnel who run the country’s intensive care units have also feared for […]

Economic downturns are inevitable, but they’re not usually so severe. And once-in-a-generation recessions don’t tend to occur just a decade apart Aviv Russ feels like the cards have been stacked against his generation — and he’s not wrong. Russ is a millennial, the infamous cohort of people born between 1981 and 1996. He […]

The 2021 federal deficit is expected to reach $ 184 billion, or 8.5 percent of GDP, as Ottawa introduces new and expensive spending measures to combat the economic consequences of COVID-19. The latest deficit projection, released by the Parliamentary Budget Officer on Thursday, is more than triple the previous deficit […]