Canada’s Stock Market Is Crashing Hard: Here’s What to Do

https://www.msn.com/en-us/money/savingandinvesting/canada-s-stock-market-is-crashing-hard-here-s-what-to-do/ar-BB10DlKk

>low oil prices (bad for canadian economy)

>rail blockades (restless natives)

>TSX fell 9.37% last week

>only 0.3% growth in Q4 2019

>manufacturers’ investments fell 3.6%

>exports shrunk by 1.3%

Bank of Canada expected to cut interest rate over coronavirus

https://news.yahoo.com/bank-of-canada-expected-to-cut-interest-rate-over-coronavirus-202646767.html

>Investors are expecting a 25 basis point cut. >as much as a 50 basis point cut possible

the bank of canada has refused to lower interest rates the last couple of years, even though inflation is among the highest in "western" economies. it appears that COVID-19 will now force the central bank's hand. canada also has a very inflated housing bubble, and a slowing manufacturing sector. once bank of canada lowers interest rates, housing prices will drop due to increased buying because mortgages will be cheaper, making the million dollar condos being bought in toronto the last few years become far less valuable. as moar money is borrowed (electronically created) inflation will continue to rise weakening the value of the canadian dollar. this will result in tighter profit margins for manufacturers and result in the loss of jobs. which means blue collar canadians could be out of a job, while the home they bought in the last ten years becomes worth less than what they owe on it. sound familiar?

syrupland is fucked