9 sources of emergency cash, ranked from best to worst

Credit cards are the easiest, but worst option – here’s eight others to try before you swipe

Andrew Willis 6 April, 2020 | 1:49AM

Red emergency button

Editor's note: Read the latest on how the coronavirus is rattling the markets and what you can do to navigate it.

For many Canadian households, the current pandemic isn’t just a health crisis, but a financial one as well. Unemployment claims are spiking, and while government support measures may help, many individuals will struggle to pay their bills. They’ll need to get their hands on some cash.

Canada recently announced its COVID-19 Economic Response Plan to try and stabilize the country’s economy. The plan includes short- and long-term income support measures, including changes to Employment Insurance eligibility, support while you may be caring for loved ones affected by COVID-19, and options for individuals that might not qualify for E.I., for up to 76 weeks.

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Andrew Willis

Andrew Willis  is Content Editor for Morningstar.ca

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