World Economy Saddled With Debt World economies entered the pandemic saddled with debt, which will hamper the pace of economy recovery. Many countries depend on consumer spending to drive their economies (about 70% in the U.S. and Canadian), and during an economic slowdown firms lay off workers who must cut spending. Still, the IMF estimates […]
Tag: COVID-19
Stock Market Volatility Continues Unabated As COVID-19 Cases Rise
Stock market volatility continues and is today’s norm. The Dow Jones Industrial Average (DJIA) fell a further 28% to 18,591 on March 23, following its largest one day drop of 1,191 on February 27. Although the March 23 dip was 35% below January’s opening, the DJIA is off a mere 12.3% for the year-to-June 26. […]
COVID-19 Personal Finances Effects in Canada Could Be Harsh Despite Government Help
Effects of COVID-19 on Canadians’ personal finances could be severe. But now might be opportune to make tough decisions to reset crucial lifestyle choices that led to massive debt build-up since the Great Recession. The federal government stepped up and is providing relief to workers and businesses to cushion the impact of job and income […]