Keeping Track of New Economic Support Programs

TIP OF THE WEEK – April 7, 2020

With all the announcements about the Canadian government’s economic support during the virus panic, you may be finding it difficult to keep track of everything.

At this point you have probably seen various summaries and reference guides. We’ve seen about 30 different ones so far.

Unfortunately, many of them are incomplete, out or date, or a bit difficult to understand.

Our friends at Diamond Willow Advisory have put together two of the nicest summaries we’ve seen when it comes to federal assistance. There is one summary for businesses and one for individuals.

Check them out here:

Canadian businesses:
https://www.diamondwillowadvisory.com/s/Roadmap-for-Canadian-Businesses-affected-by-COVID19-V1-April-5-2020.pdf

Canadian individuals:
https://www.diamondwillowadvisory.com/s/Roadmap-for-Canadian-Individuals-April-6-2020.pdf

See below for some other resources you might enjoy:
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Deloitte’s March 2020 Economic Outlook Report
Everything is happening very quickly, but Deloitte’s March report provides a good review of key issues.

https://www2.deloitte.com/content/dam/Deloitte/ca/Documents/finance/ca-economic-outlook-report-march-2020-aoda-en.pdf
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To Fight the Coronavirus, the World Returns to Fossil Fuels
The virus panic underscores the indispensability of oil and gas. 

https://www.forbes.com/sites/danielmarkind/2020/04/01/to-fight-the-coronavirus-the-world-returns-to-fossil-fuels/amp/
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How Should We Interpret COVID-19 Statistics?
Are reports of confirmed cases and deaths counts creating confusion?

https://www.spectator.co.uk/article/how-to-understand-and-report-figures-for-covid-19-deaths-
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5 Classic Methods for Reducing Stress
Some simple reminders about how to reduce stress during the virus panic and economic turmoil.

https://www.verywellmind.com/five-simple-stress-reducers-to-try-now-3145067
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