Canada's stock market collapse is like nothing we've ever seen before - Macleans.ca

  • 📰 macleans
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 71%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Let's see how the Covid-19 crash compares to past market collapses. Simply put, we’ve never seen anything like this before.

TORONTO, ON- MARCH 9 - All the world markets including the Toronto Stock Exchange suffered huge losses at concerns over COVID-19 begin to increase in Toronto. March 9, 2020.

So far, that idea hasn’t taken hold. John McKenzie the interim chief executive and chief financial officer of TMX Group, which owns and operates the Toronto Stock Exchange, said it a message on the company’s website that he believes markets should remain open. “The markets are functioning well and doing what they are designed to do: provide investors with liquidity and ensure issuers have a world-class venue to raise capital,” he said.

Nor can anyone say at this point how long the Covid-19 crisis will last, or how bad the situation could get. The longer markets were closed in such a scenario, the more detached they would get from reality. If the situation on the ground had deteriorated, then anxious investors might panic sell out of fear of another shutdown and having their assets frozen, making the crash even worse than it might have been without the halt.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

All the Liberal insiders pulled their cash out...

Why not use a headline to educate people on what to do? Isolate. Social distancing. How to care for a sick family member. Meal planning with limited supplies? We have to get through this. Day by day.

Please use a high res, clear pic for the chart on the article page. (This is what I see. )

The good news is we can see bottom. The bad news is it's coming up on us really fast.

ga_richardson Part of the plan...you have to buy into it...the media insists...!!

it is a shame the liberal government spent so much money so recklessly for these past 5 years. - catastrophic debt on top of this will see Canadian depression for years to come. Should have saved a little.

Out with old, in with the new. globalization

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 19. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Hotel Association of Canada warns of impact of COVID-19 on businessThe Hotel Association of Canada is warning that the industry is going to be devastated as travel comes to a halt in a bid to slow the spread of COVID-19. boohoo. people are gonna die. businesses are not people. EVERY INDUSTRY is warning about the impact of COVID-19. It effects absolutely all of us. Where is captain obvious..? 😬😂😂😂😇
La source: CTVNews - 🏆 1. / 99 Lire la suite »