Historic Stock Market Drop Exposes Canada’s Economic Fault Lines
- Markets more volatile since the late 1980s, professor says
- Canada particularly exposed with not a lot beyond oil and gas
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Never in modern trading history have Canadian stocks fallen so much in a single day of trading as they did this week.
Growing alarm over the coronavirus and plummeting oil prices have been catalysts for the slump. But one historian sees two underlying factors at play: a fractured geopolitical environment that has coincided with market volatility the world over, and Canada’s thin corporate base.