The central bank says the downturn tied to COVID-19 will be the worst on record
Ninety per cent of the deaths so far have been among those aged 60 and above
Some sectors and demographics likely to be hardest hit
Unemployment rate hits levels not seen since 2010
Over the last two weeks, more than two million people have applied for employment insurance benefits
Program will provide up to $847 per week for each worker
The government has rolled out a bailout package totalling more than $200 billion
Bank governor Stephen Poloz said the goal of the decision Friday is to restore market functioning
Lower-interest credit could be made available for Canadians
The Canadian dollar traded for 69.88 cents US compared with an average of 69.01 cents US on Tuesday
S&P/TSX composite index was down 225.93 points at 11,625.88, shortly after the start of trading
But true financial impact will depend on how long pandemic lasts
In New York, the Dow Jones industrial average had its worst day since 1987
The drop in North American stock markets came after markets in Asia and Europe also fell
Two consecutive quarters of negative growth is considered a recession
The drop in Toronto and on U.S. markets was large enough to trip circuit breakers that forced a pause in trading
The stock market plunged and shot back up within 48 hours
Stock markets nose-dived on Monday as crude oil prices sank to a four-year low
Our reactions to a forestry downturn reflect the past, not the present
