Canadian snowbirds are being advised to return home as the COVID-19 pandemic advances in the U.S. — and access to out-of-country medical insurance comes to an end for some travellers. Speaking to reporters from self-isolation Monday, Prime Minister Justin Trudeau made a plea to all Canadians abroad: come home now or risk being stranded as…

Canadian Imperial Bank Of Commerce is changing the hours at its bank branches and temporarily closing some that do not offer over-the-counter cash and banking services in an effort to help slow the spread of COVID-19. The bank says 816 of its locations will remain open, but operate under modified hours, while 206 will temporarily…

Paralysis is not supposed to be one of the symptoms of COVID-19, the disease caused by the new coronavirus sweeping the world. But drastic action by the world’s central banks — the “bazooka” as German Finance Minister Olaf Scholz labelled it, a term quickly adopted by the financial media — has left economic actors stunned and immobilized. As…

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. These central banks have agreed to lower the pricing on…

The union that represents a large number of Air Canada’s flight and cabin crew says its members should be isolating themselves any time they return to Canada for two weeks just as government authorities suggest everyone else does, but the airline says its employees are exempt from that policy. Wesley Lesosky, president of the Air…

Stock markets in Toronto and New York plunged when they opened Monday morning. Fears about the economic impact of COVID-19 have gripped investors for weeks now, as they digest the financial toll of the virus on top of the human one. Stock markets in Asia and Europe were also down sharply Monday despite the U.S. Federal…