- Analytics
- News and Tools
- Market News
- Canada: First steps to mitigate coronavirus – RBC Economics
Canada: First steps to mitigate coronavirus – RBC Economics
FXStreet notes that Canada's Prime Minister Justin Trudeau announced first steps to help mitigate the impact of the rapidly spreading novel coronavirus (COVID-19). Colin Guldimann, an economist at the Royal Bank of Canada (RBC) describes the measures.
“The federal government will allocate a little over $1 billion, largely devolved to the provinces and territories, and targeted to the health care system.”
“We hope the government will announce funding and outline parameters for which firms would qualify in the upcoming budget, in recognition of the already meaningful economic impact the virus is having.”
“The Prime Minister suggested that the government would do more if needed. We hope to see an outline of what additional steps they plan to take, and a more significant scale of economic support, when the budget is tabled in the coming weeks.”
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
