Mar. 27, 2020
MARCH 27, 2020 ANNOUNCEMENTS Bank of Canada lowered interest rates to from 0.75% to 0.25% this morning in an emergency move. Prime Minister Trudeau announced: covering up to 75% of wages for qualifying small… Read More
Mar. 20, 2020
ANGUS WATT ADVISORY GROUP’S 7 FACTS TO KEEP IN MIND We always survive a crisis. The world is fighting a war to slow the spread of the virus. Central banks around the world are… Read More
Mar. 13, 2020
CENTRAL BANK AND GOVERNMENT REPONSE TO CORONAVIRUS (COVID-19) Central Bank’s around the world have pledged to ‘proactively’ support the economy as the world deals with the COVID-19 virus. The last time we saw this… Read More
Mar. 6, 2020
CORONAVIRUS (COVID-19) UPDATE China’s Wuhan city had 126 new cases of CoVid-19 on March 5th while there were 0 cases in the rest of the province for the first time since the outbreak. Medical… Read More
Feb. 28, 2020
ALBERTA BUDGET FEBRUARY 27, 2020 Alberta will cut operational spending by less than 3% in the 2019-2020 fiscal year. Alberta’s deficit in the year ending March 2019 will be $7.5 billion down from the… Read More
Feb. 21, 2020
CANADA Canadian Finance Minister Bill Morneau is relaxing mortgage qualification rules to make it easier for home buyers to secure financing by setting up a new benchmark interest rate based on actual borrowing costs… Read More
Feb. 14, 2020
CANADA’S RAIL STRIKE CN Rail has temporarily shut down parts of its network as anti-pipeline protestors are blocking the railways. Over 400 trains have been cancelled this week. Impact of the stoppage is compounding… Read More
Feb. 7, 2020
NORTH AMERICAN EMPLOYMENT DATA CANADA: added 35,000 jobs (all full time) in January; unemployment rate 5.5% vs 5.4% in December, led by Quebec and Manitoba. Alberta lost 18,900 jobs (mostly part-time); unemployment rate 7.3% vs… Read More
Jan. 31, 2019
2020 FEDERAL BUDGET – What could be in it? Liberals have a minority government and will need the support of another party. Increased basic exemptions from $12,298 to $13,229 in 2020 and gradually increase… Read More
Jan. 24, 2020
BANK OF CANADA DOWNGRADES ECONOMIC OUTLOOK 2019 Q4 GDP growth expectations reduced to 0.3% due to strikes, pipeline shutdowns, weather and inventory adjustments. 2020 Q1 expected at 1.3%. Job creation has slowed Indication of… Read More