Kennedy Financial Services
Ste. 401 Princeton Tower 123-2nd Ave S. S7K 7E6 Saskatoon, SK, Canada

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This announcement may be the game changer that will enable small business to survive. In particular the wage subsidy is finally large enough that many businesses won't be forced to lay off as many, or in some cases any, employees. That will enable a faster economic rebound once the health crisis is passed. It will keep people employed and employed people will shop at their local (online) business where they would otherwise have hoarded their cash. That, in turn, will keep even more people employed and so we may just have a recession and not depression.

Dear valued clients of Brian Mallard and Associates, With the rapidly evolving COVID-19 situation in Saskatoon, we want to take this opportunity to assure you t...hat we continue to be ready to serve our clients and to keep our advisors and employees safe. Our responsibility is to the people we employ, our clients, everyone’s families, and the greater community that we live in. With the recent updates and guidelines from the Province of Saskatchewan, as well as the City of Saskatoon, our advisory teams will be working remotely from home offices for the foreseeable future. Please continue to phone our main line as always at (306) 934-6011 to be connected to your advisory team. Emails are welcome, and we will be happy to arrange review appointments via phone or video conference. We remain able to continue to process any administrative requests, purchases, redemptions, transfers, switches, payments, and insurance applications. However please note that the office will be closed to clients and visitors. We will continue to monitor this rapidly evolving situation and refine our business continuity practices to ensure that we are doing our part, while being responsive to your financial planning, investment, and insurance needs. On a more important note, let’s all make sure we take care of each other during these unique times. Nothing is more important than your health and the health of your family and friends. Be kind and understanding, we are all in this together. All the best. We are here if you need us. Stay home and stay safe. Your team at Brian Mallard and Associates

Small business is big when it comes to the amount of people it employs. It is the bedrock of our economy. It also, generally, doesn't have the financial reserves or capacity to weather significant disruptions to cash flow. Consider how you can support your favorite local business during this period of major public health disruption to normal operations. We need them to survive so that there is a place for employees to go back to once the crisis passes.

I appreciated the calming wisdom from Tim's guests to this article. They've been through the stock crashes before and even though every time it is different it is always the same. You just need a little hope. https://messaging-custom-newsletters.nytimes.com/tem/oakv2