ANALYSIS: How Will Canada Be Impacted by the Stock Market Crash?

Published on August 5, 2024

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 of Rideau Potomac Strategy Group. “The general rule in Canada is when the U.S. does well, Canada tends to do well. And there is a significant amount of concern about the level of public sector indebtedness in Canada.”...

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