Even after the coronavirus pandemic recedes, the Bank of Nova Scotia does not think that things will truly go back to the way they were. It thinks that how much it resumes functioning will depend on how Canada as a whole responds after the pandemic, and that it will open up differently in areas affected and not affected as much by the pandemic. Other banks have taken action to hopefully help the economy rebound after Canada opens back up.
Key Takeaways:
- The Bank of New Nova Scotia predicts that things will not be normal even after the market opens back up.
- Different areas with different impacts of coronavirus will open up differently.
- The Bank of Canada has already taken measures to reduce the impact of coronavirus on the economy.
“Scotiabank said that the resumption of its operations will depend largely on how Canada fares after the crisis.”
