Canadian investors have toughened up, and more lessons my clients have taught me during this crisis

Over the past few weeks I have been having some interesting conversations with clients. While the conversations usually include discussions about investments, we often spend more time discussing family, health, today’s challenges and tomorrow’s hopes. If it ever wasn’t clear before, it is very clear now that our investments are here to serve a broader purpose — which is to allow us to live as full a life as we can. As I talk to…

"Canadian investors have toughened up, and more lessons my clients have taught me during this crisis"

Google’s mobility data shows how each state in the U.S. is faring with social distancing

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"Google’s mobility data shows how each state in the U.S. is faring with social distancing"

Everything you need to know about the upgraded COVID-19 wage subsidy program

This week, the government released detailed information on the new Canada Emergency Wage Subsidy (CEWS), which provides both small and large employers with a subsidy that may cover up to 75 per cent of employee wages. It’s meant to help employers who have had a significant decline in revenue as a result of the COVID-19 pandemic keep their workers. This comes on top of the previously announced 10 per cent Temporary Wage Subsidy (TWS), which…

"Everything you need to know about the upgraded COVID-19 wage subsidy program"

Debt nation: Canada borrowed itself into a tough spot, now it must borrow its way out of coronavirus crisis

Murdoch Alexander MacPherson had come to Toronto bearing feel-good stories about debt. “I want to read another letter that has to do with a case,” the Saskatchewan lawyer and politician told his audience, “a report from the manager to one of those so-called soulless corporations in the City of Toronto.” The story of a debtor coming away from a meeting with his creditors “entirely satisfied” was one of several yarns MacPherson would spin that day…

"Debt nation: Canada borrowed itself into a tough spot, now it must borrow its way out of coronavirus crisis"

Can the private sector provide better coronavirus data? Experts are skeptical

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"Can the private sector provide better coronavirus data? Experts are skeptical"

Bank of America is the first big bank to accept SBA Paycheck Protection Program loan applications

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"Bank of America is the first big bank to accept SBA Paycheck Protection Program loan applications"

Google’s coronavirus aid for small businesses is too little, too slow

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"Google’s coronavirus aid for small businesses is too little, too slow"

Coronavirus crash takes big chunk out of B.C. woman’s investments, but retirement goals still in reach

A woman we’ll call Terri, 56, makes her home in B.C. with her disabled son — we’ll call him Fred — age 17. Terri has a job in IT consulting that provides her with $5,200 per month after many benefits including disability tax credits for Fred and Canada Child Benefit payments. She has four main assets — her home, her RRSP, her TFSA and her work pension. Her goal — $4,000 monthly after-tax retirement income.…

"Coronavirus crash takes big chunk out of B.C. woman’s investments, but retirement goals still in reach"

Singapore’s richest man—a ventilator tycoon—has grown $3.7 billion richer amid coronavirus demand boom

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"Singapore’s richest man—a ventilator tycoon—has grown $3.7 billion richer amid coronavirus demand boom"

Lending, financing firms told to extend loan deadline

BW FILE PHOTO THE Securities and Exchange Commission (SEC) is ordering lending and financing companies to extend the deadline for loan payments amid the coronavirus disease 2019 (COVID-19) pandemic. The SEC issued a notice on Thursday to remind financing companies, lending companies and microfinance non-government organizations to implement a 30-day grace period for all loans, whether principal or interest, falling due within the enhanced community quarantine (ECQ) from March 17 to April 12. This is…

"Lending, financing firms told to extend loan deadline"