Banking

Episode 3: Can We Prepare Our Communities for the Future of Work?

As the labor market goes through an evolution that started long before the pandemic, our communities are being transformed as well. In many cases that means good things, as when successful companies hire and prosperity increases. Other times there are less-positive spin-offs, with some people being ...

Episode 5: Remote Work Is Having Its Fifteen Minutes – Or Will it Be a Lot Longer?

  Remote work is having a minute, or rather a series of them.  Some companies have used it for years, some have been adamantly against it, but both kinds are being forced into it at the moment. As the pandemic forces millions to figure out some kind of home office set up (the kitchen table works ...

Co vid 19 pandemic confirms again the critical relevance of Keynes and his policy tools

March 27 2020 , The current Covid19 crisis and the American and Canadian response to it by both the President and the Congress and the Fed , the Prime Minister, Parliament and the Bank of Canada is once again proof that Keynes is still very relevant and critically important in understanding how to ...

The new reality: hoarding or avoiding using cash because of Covid- 19 and the relevance of Quantitative Easing

Keynes wrote at length about the increased attachment to cash which he called increased liquidity preference in a time of crisis which leads to a rise in the rate of interest as there are limits to the amount of cash in circulation. Keynes puts it as follows in his Quarterly Journal of Economics ar ...

Unnamed Persons Requirement May Be Used To Obtain Names of Potential Tax Cheats

The Canadian Minister of National Revenue (“Minister”) may, under subsection 231.2(3) of the Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.) and subsection 289(3) of the Excise Tax Act, R.S.C. 1985, c. E-15, seek information from third parties in order to look for tax cheats. The request by the M ...

March 27, 2020

So the markets did not have a nice time today: Canada’s main stock market resumed its slide after a three-day winning run as investors grew more nervous about the spread of the coronavirus pandemic and the Bank of Canada slashed interest rates to nearly zero. The Toronto Stock Exchange’s S ...

March 30, 2020

Oil action is in the news today: Energy stocks led Canada’s main stock index higher on Monday, despite a plunge in crude prices as the market waits for news of support from Ottawa for the oil and gas industry. The Toronto Stock Exchange’s S&P/TSX composite index was unofficially up 350.76 p ...

March 31, 2020

A nice day, for some: The decimated energy sector has rallied hard off of 20-year lows, pushing Canadian stocks to a decent gain on a day that saw the U.S. market slip. For the first time since the COVID-19 pandemic consumed global financial markets starting in early March, the S&P/TSX Composite ...

April 1, 2020

Well, now that the horrors of March are done with, I’m sure we’re all very happy to start off a bright and shiny new … well, never mind: Faced with grim new projections of the potential scale and economic ramifications of the coronavirus pandemic, investors dumped stocks on Wednesday. The ...

April 2, 2020

It was a good day for oil: Canada’s main stock index rose on Thursday, led by energy shares as crude prices posted their biggest-one day gains on record on Thursday. The Toronto Stock Exchange’s S&P/TSX Composite index finished unofficially up 221.39 points, or 1.72%, at 13,097.76. Nine of the ...