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13 Mar 2020

US House Speaker Pelosi: Legislation to provide two weeks of paid sick leave

"The House legislation will provide two weeks of paid sick, family and medical leave for those affected," US House Speaker Nancy Pelosi said on Friday. "The bill will beef-up unemployment insurance, bolster food lunch program," Pelosi added.

However, Pelosi hasn't mentioned that whether Republicans or the Trump administration support that bill presented by House Democrats.

Market reaction

Wall Street's main indexes edged slightly higher in the last minutes. As of writing, the Dow Jones Industrial Average was up 3.55% on the day while the S&P 500 and the Nasdaq Composite were adding 3.4% and 3.2%, respectively.

Mar 13, 2020

Breaking: BOC delivers a surprise rate cut by 50bps, USD/CAD bounces

BOC delivers a surprise rates cut by 50bps, USD/CAD bounces more to come ...

Canadian FinMin Morneau: Preparing a significant stimulus program to be released next week

In a coordinated move on Friday, Bank of Canada (BOC) Governor Poloz and Canadian Finance Minister Morneau announced a monetary and a partial stimulus