Canada Investor Nerves Wear Thin With Loonie, Stock Plunge
- Barrage of bad news as loonie and stocks plummet with oil
- Bets on Bank of Canada rate cut pile up as bond yields tumble
This article is for subscribers only.
A record losing streak in the loonie, plunging bond yields and about $150 billion wiped out in the stock market have left Canadian investors hanging by a thread. Panic is starting to set in.
“The word fear is finally starting to come up," Martin Pelletier, managing director and portfolio manager at TriVest Wealth Counsel in Calgary, said by phone. "Clients and people are starting to panic. It’s sinking in, but no one knows what to do.”