As you are probably aware, Argentine currency controls are still presenting obstacles for businesses who need to send money into or out of the country. Global market volatility is making this need more urgent for most investors, who need to act decisively in these uncertain times.

The last few weeks have been a time of severe market volatility and we understand that this is a concern to our clients. Most importantly for our cash management clients, the Bank of Canada announced a 50 basis point cut to its overnight rate target, following the Federal Reserve's emergency meeting to lower its target range.

This morning, the Bank of Canada (BoC) announced a 50 basis point cut to the overnight rate target, the benchmark rate that all Canadian fixed-income is measured against. This leaves the overnight target rate at 1.25%, down from its previous level of 1.75%.

This morning, the US Federal Reserve held its first emergency meeting of the Federal Open Market Committee (FOMC) since 2008 and announced a 50 basis point cut to its main policy rate. This cut, which brought the target range from 1.50-1.75% to 1.00-1.25%, was in response to the turmoil in global markets observed over the last week and the obvious slowdown in economic activity caused by the COVID-19 outbreak.

With this week's losses in global equity markets, we're seeing the yields on long-term bonds fall to record lows. As investors flee equity markets, the price of low-risk assets like long-term US and Canada bonds gets pushed upwards, and yields correspondingly fall.

Yesterday, the Dow Jones Industrial Average (DJIA) closed down 1,031 points, its largest drop since February 2018. This drop, which erased all of the Dow's 2020 gains, can be attributed to a few factors: Heavy overnight losses in Europe and Asia, Bernie Sanders' strong win in Nevada, which established him as the front-runner for the Democratic nomination, Outbreaks of novel coronavirus (COVID-19) in Iran, Italy, and South Korea

Socially Responsible Investing (SRI) also known as sustainable or "ethical" investing is the blanket term for all investing that aims to achieve positive and sustainable goals, as well as competitive return.

Socially responsible investing is an approach that considers the social and environmental consequences of investing. SRI investors ask: Is this portfolio helping fund positive change?

An outbreak of Coronavirus in Wuhan, the capital of China's Hubei province, has dominated headlines. Currently, the Public Health Agency of Canada, the WHO, and the CDC are advising travelers to exercise enhanced caution while travelling to or from China. A global alert has not yet been issued.

This morning, the Bank of Canada (BoC) held the overnight target rate at 1.75%. In the Bank's press release, however, there were suggestions that a rate cut could be in the cards if growth continues to fall short of projections.

It all begins with an idea.This morning, President Donald Trump gave a statement regarding the last week of military activity between the United States and Iran. While some saw this activity as a prelude to war, Trump's statement this morning appeared to sail a different tack. Trump struck an uncharacteristically conciliatory tone, and most analysts read today's statement as a step in the right direction.