The You First Blog

Weekly Market Update

April 24, 2020
Anthony & Frank's Update
Anthony Sabti

(Full commentary courtesy of Myles Zyblock, Chief Investment Strategist, Dynamic Funds) VIRUS  The number of worldwide cases is approaching 2.8 million with over 190,000 deaths. Canada’s curve has yet to bend with a cumulative total of 42,000 cases, and a daily count at roughly 2,000 cases per day. This contrasts with much of the rest… Read More

I want to preface this section by saying that we are still operating with a high level of uncertainty and there are a wide range of possible outcomes associated with COVID-19 and our economy. Even if the current lockdown conditions are lifted soon, there will still be a need for social distancing, the wearing of… Read More

Weekly Market Update

April 18, 2020
Anthony's Update
Anthony Sabti

Federal Aid Programs CERB: Self-employed workers who make up to $1,000 a month are now eligible to apply for the CERB. https://www.canada.ca/en/services/benefits/ei/cerb-application/questions.html   Canada Emergency Business Account (CEBA): The CEBA has been expanded to businesses that paid between $20,000 and $1.5 million in total payroll in 2019. This new range will replace the previous one… Read More

What happened this week? Wage subsidy rules amended – March revenue decrease threshold will be only 15%. 4 million Canadians on federal income support since March 15 (combination of EI and CERB applications as of April 7) Alberta government forecasting 25% unemployment rate for the province Prime Minister Trudeau “this will be the new normal… Read More

One of the provisions in the federal government’s aid package is a 25% reduction in the minimum amount (MAP) that must be withdrawn from a Registered Retirement Income Fund (RRIF) in 2020.  This is welcome relief for retirees who may have seen a decline in the value of their RRIFs since December 31, 2019, which… Read More