Market declines contributed to the plunge
Air Canada, Shopify and oil company earnings will show the pandemic's impact on different sectors
The insurer reported a net loss of $32 million in the quarter
Client assets down just 12% amid more severe drops in equity markets
StatsCan estimates suggest the Canadian economy pulled back 9% in March
Net losses reverse a significant portion of the US$1.7 billion net gains reported in 2019
Wells Fargo also saw profits plunge in Q1 due to the coronavirus pandemic
Corporate earnings could see the biggest impact from the pandemic in Q2
Big banks are in the best shape to endure the coronavirus crisis
The executive's total compensation was $9.6M