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Banks in Canada respond to urgent need for global COVID-19 relief


HSBC Bank Canada is also supporting relief organizations through its Global Disaster Relief Fund. 
Banks in Canada have a long history of donating to support domestic and international relief efforts and the pandemic is a crisis like no other. These donations will support on-the-ground humanitarian relief as the global community continues to fight against COVID-19.

Neil Parmenter, President and CEO, Canadian Bankers Association
Canadians who wish to support international relief efforts can donate directly to organizations providing on-the-ground support such as UNICEF Canada, the Canadian Red Cross and the WHO Foundation. 
The COVID–19 outbreak remains the most serious crisis Canada – and the world – have faced in recent memory. Banks continue to step up to help our country and the international community work through these challenging times. More information about Canadian bank announcements to support the response to the pandemic can be found ....

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Many Canadians made additional mortgage payments during the pandemic


The Globe and Mail
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Canadian homeowners have
increased their additional mortgage payments during the pandemic, taking advantage of savings built up during the lockdowns to pay down their home loans.
A total of $34-billion of additional or unscheduled mortgage payments were made last year, compared with $31-billion in 2019, according to a new report from Canada Mortgage and Housing Corp.
“We were seeing very clearly that households were saving more,” said Tania Bourassa-Ochoa, a senior housing researcher with CMHC. ....

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