Tuesday, March 10, 2020

I'm Sure It's Nothing to Be Concerned About

Enjoy your race to poverty, Canada:

The Toronto Stock Exchange ended Monday’s brutal trading session down more than 10 per cent as a collapse in oil prices and ongoing concerns about the coronavirus outbreak pummelled stock markets around the world. 

The S&P/TSX Composite Index (^GSPTSE) fell 1,660.78 points to 14,514.24 when the markets closed on Monday. The decline marked the biggest drop since October 1987, according to Bloomberg.

Trading on the TSX was paused shortly after markets opened, as the dramatic stock drops triggered the first level of circuit breakers that are designed to slow trading.

Oh, do give credit to Morneau and Trudeau for their spectacularly bad handling of the Canadian economy before China accidentally released a weaponised virus onto the world.


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