This past week, Canada’s main stock market plunged to record lows, and the Canadian dollar weakened to a four-year low as investors remained skeptical about policymakers’ ability to contain the economic impact of the coronavirus outbreak. This decline left the Toronto Stock Exchange around 30% below its record peak less than two weeks ago.
Reuters recently interviewed Sightline Wealth Management Senior Vice President and Financial Advisor Paul de Sousa to discuss the reasons behind the recent market decline. “The conditions were ripe for something like this to occur,” said de Sousa. “It was almost a perfect storm of overvaluation, plus this is now officially a pandemic.”
In addition to Reuters, de Sousa also offered his insights on the coronavirus outbreak and recent market volatility to a series of other media publications, including the Financial Post, CBC News, ThinkAdvisor and more. You can also learn more about this topic by watching Sightline’s interactive Q & A video discussion.
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