How Will Canada Be Impacted by the Global Market Plunge?
“The U.S. has been just doing gangbusters since the pandemic. They’ve been outperforming everyone else, outperforming Canada, outperforming Europe, outperforming China. And so it is the elephant in the room”
The poor performance of foreign stock markets on Monday reflects increasing anxiety about the global economy, which will certainly impact Canada, according to several economists.
“The markets are generally reacting to the idea of a slower U.S. economy, and thus, the impacts you get on the global economy. At the same time, you’ve also had significant drags from a slowing Chinese economy,” said Eric Miller, president and founder of Rideau Potomac Strategy Group. ---More...
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