10 Second Headlines

Apr. 3, 2020

COVID-19 UPDATE Nearly 500,000 Canadians are deferring their mortgage payments. 10% of the mortgages held by the 6 largest banks have deferred mortgage payments, with an average monthly payment of $1,326 Represents $663 million… Read More

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