Air Canada, Shopify and oil company earnings will show the pandemic's impact on different sectors
Market volatility required a strengthening of policy liability reserves
Client assets fell just 12%, however, during a tough quarter for markets
The insurer's portfolios took a hit in the first quarter
The bank expects the downturn to hurt loans
Year over year, AUM was up more than 9%
Despite turbulence, insurance companies continue to have strong underwriting performance, Watsa says
Wells Fargo also saw a drop in Q1 revenue as banks brace for bad loans
An extended period of bad economic data is likely on the way
Corporate earnings could see double-digit declines this quarter