So Much For The Week’S Rally: U.S. Stocks Erase Gain On Profit Warnings


## [What Tiff Macklem’s own words can tell us about the Bank of Canada’s incoming governor: Geoff Zochodne](https://business.financialpost.com/news/economy/what-tiff-macklems-own-words-can-tell-us-about-the-bank-of-canadas-incoming-governor)
> Good monetary policy involves 'reacting promptly and appropriately to surprises.' The economic fallout of COVID-19 will quickly test this precept
## [So much for the week’s rally: U.S. stocks erase gain on profit warnings: Bloomberg News](https://business.financialpost.com/investing/u-s-stocks-erase-weekly-gain-on-profit-warnings-markets-wrap)
> 'Earnings continued to be a minefield'
## [Why reopening the economy is just the start of even more headaches for already struggling businesses: Vanmala Subramaniam](https://business.financialpost.com/news/economy/why-reopening-the-economy-is-just-the-start-of-even-more-headaches-for-already-struggling-businesses)
> Business owners will have to figure out how to bring employees back without jeopardizing their health and safety and pay for it all, too
## [Five reasons markets have been rallying despite the economy’s dire situation: Peter Hodson](https://business.financialpost.com/investing/investing-pro/five-reasons-market-have-been-rallying-despite-the-economys-dire-situation)
> There is a one-way ticket here, if one puts on their rose-coloured glasses for a while
## [Howard Levitt: If I think my workplace is unsafe, do I have the right to stay home?: Howard Levitt](https://business.financialpost.com/executive/careers/howard-levitt-if-i-think-my-workplace-is-unsafe-do-i-have-the-right-to-stay-home)
> Fear of the virus does not permit you to avoid work unless you can prove through a health and safety inspector that the work is genuinely unsafe
## [Tesla plunges after Elon Musk says stock is too high in a series of bizarre tweets: Bloomberg News](https://business.financialpost.com/investing/tesla-plunges-after-elon-musk-says-stock-is-too-high-in-a-series-of-bizarre-tweets)
> The stream of tweets is reminiscent of the posts that securities regulators sued over in 2018
## [Coronavirus pandemic takes huge bite out of Tim Hortons’ sales as Canadians stay home: Jake Edmiston](https://business.financialpost.com/news/retail-marketing/coronavirus-pandemic-takes-huge-bite-out-of-tim-hortons-sales-as-canadians-stay-home)
> Sales tumbled more than 40% in March but the worst appears to be over
## [These two tax proposals could throw investors a lifeline during the pandemic: Jamie Golombek](https://business.financialpost.com/personal-finance/taxes/these-two-tax-proposals-could-throw-investors-a-lifeline)
> Jamie Golombek: The first would allow Canadians to tap into RRSPs tax free, and the second would relax rules on the tax treatment of capital losses
## [Tiff Macklem finally gets his chance to be the Bank of Canada boss: Kevin Carmichael](https://business.financialpost.com/news/economy/tiff-macklem-finally-gets-his-chance-to-be-the-bank-of-canada-boss)
> Macklem, once the runaway favourite to replace Mark Carney in 2013 before falling short of the mark, will instead take over from Stephen Poloz when the current governor retires on June 2
## [Almost half of Canadians taking advantage of tax deadline extension, survey finds: Jamie Golombek](https://business.financialpost.com/personal-finance/taxes/almost-half-of-canadians-taking-advantage-of-tax-deadline-extension-survey-finds)
> Jamie Golombek: A new survey commissioned by H&R Block Canada reveals that 45 per cent of Canadians have yet to file their tax returns
## [Maxar Selected to Support Dynetics in Designing and Building a Lunar Human Landing System for NASA - The Kingston Whig-Standard: ](http://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/maxar-selected-to-support-dynetics-in-designing-and-building-a-lunar-human-landing-system-for-nasa)
>
  1. Maxar Selected to Support Dynetics in Designing and Building a Lunar Human Landing System for NASA  The Kingston Whig-Standard
  2. NASA selects SpaceX among 3 companies to build next moon landers  CBC.ca
  3. Nasa names companies to develop…
    ## [Shockproofing Canada: How business can prepare for the next shock — podcast: Emily Jackson](https://business.financialpost.com/news/economy/shockproofing-canada-how-business-can-prepare-for-the-next-shock-podcast)
    > The lessons Canada can learn from the crisis
    ## [Five skills you should learn to master during economic downturns: Postmedia Network](https://business.financialpost.com/personal-finance/taxes/five-skills-you-should-learn-to-master-during-economic-downturns)
    > Mastering any of these five recession-proof skills can give you a major leg up and steer you toward a more profitable future.
    ## [Maxar Selected to Support Dynetics in Designing and Building a Lunar Human Landing System for NASA - Financial Post: ](https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/maxar-selected-to-support-dynetics-in-designing-and-building-a-lunar-human-landing-system-for-nasa)
    >
    1. Maxar Selected to Support Dynetics in Designing and Building a Lunar Human Landing System for NASA  Financial Post
    2. NASA selects SpaceX among 3 companies to build next moon landers  CBC.ca
    3. ‘No reason – just pretty funny!’: Elon Musk…
      ## [‘Wholly unsatisfactory’: AIMCo acknowledges $2.1 billion loss from volatility-related strategy: Barbara Shecter](https://business.financialpost.com/news/wholly-unsatisfactory-aimco-acknowledges-2-1-billion-loss-from-volatility-related-strategy)
      > 'Markets behaved in a manner never before seen and the result was a very unfortunate loss'
      ## [Apple reports higher sales as China reopens, but gives no forecast: Reuters](https://business.financialpost.com/investing/apple-reports-higher-sales-as-china-reopens-but-gives-no-forecast)
      > Apple saw China sales of US$9.46 billion, down less than a US$1 billion from a year ago
      ## [Amazon forecasts second-quarter operating income below estimates: Reuters](https://business.financialpost.com/investing/amazon-forecasts-second-quarter-operating-income-below-estimates)
      > Amazon's forecast assumes about US$4 billion in costs related to COVID-19
      ## [M&As by Zoom: Remote due diligence could become the new norm as dealmaking takes a hit: Gabriel Friedman](https://business.financialpost.com/news/fp-street/mas-by-zoom-remote-due-diligence-could-become-the-new-norm-as-dealmaking-takes-a-hit)
      > A recent deal in the precious metals space has raised hopes that merger activity could pick up again, with due diligence going online
      [news curation]@wakanda-forever

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