The Bank of Canada announced today that it successfully launched its new Standing Term Liquidity Facility (STLF). “Given the current challenges in funding markets, the Bank of Canada encourages Canadian financial institutions to use the STLF to support the liquidity needs of their clients,” said Governor Stephen S. Poloz.  The STLF is one of several…

Some of Canada’s biggest landlords say they’re committed to working with tenants who have lost their job because of the coronavirus pandemic. The signals come as efforts to contain the outbreak have led to huge business disruptions and surging unemployment levels that have made many Canadians worried about how they will pay next month’s rent.…

For those of us who have kept a close eye on forecasts for the impact of COVID-19 on the global and Canadian economy, it is instructive to watch how much the outlook keeps changing. Just over a month ago, many economists were anticipating the brunt of the disease would fall on Chinese commerce and that…

With a flu-like illness outbreak, four dead and confirmed cases of COVID-19, it’s been a horrific week for the 1,243 passengers — including 247 Canadians — stuck aboard the Zaandam, a Holland America Line cruise ship that was sailing off the coast of Panama. Now, passengers can add more problems to the list: although Panama allowed the Zaandam to…

Many small businesses in Whitehorse are laying off staff, reducing hours and locking their front doors, but that doesn’t mean they’re shutting up shop completely.  Instead, they are moving to contactless sales by delivering products to customers without any direct person-to-person interaction.  Adapting on the fly The Coast Mountain Sports store is closed to the public but…

Around the world, people are finding new ways to fight the novel coronavirus pandemic and protect those on the front lines. Joelle Foster, the chief executive officer of North Forge, a Winnipeg-based tech company, says the people in Manitoba should be learning from these creative approaches. “If you look at anything that has been eradicated…