April 2020 eUpdate - Avery Shenfeld, CIBC Chief Economist, provides insights on factors that could ease the oncoming downturn, including looking to countries such as China and South Korea as they take positive steps back to recovery.
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Smith Falconer Financial Group

April 2020 eUpdate


COVID–19 – What Could Soften the Economic Blow?

Avery Shenfield video

Avery Shenfeld, CIBC Chief Economist, provides insights on factors that could ease the oncoming downturn, including looking to countries such as China and South Korea as they take positive steps back to recovery. Avery stresses it is critical to keep personal financial health intact while the economy hibernates and suggests a cautious approach until health experts can offer a more concrete idea as to the duration of this event. Lessons learned from the financial crisis in 2008 can be applied to provide tools to ensure that appropriate steps are taken by the Federal Reserve, the Bank of Canada and the Federal Government in Canada. We encourage you to take a listen (5:04 min).




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