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Today: 17.01.2018 - 14:53:15
   Canada Mortgage Hub Discussion Board -> Mortgage Vancouver -> Canada inside the Global Economic Crisis?
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preyes8827

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Canada inside the Global Economic Crisis?
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Canadian discount broker
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priscillayonarta

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The US economy downturn will have a ripple effect on the world economy. Every country, big and small, will be affected. I am not a canadian lol so I don't really know. But I did a quick check on the Canada main stock index it seems to follow the trend of US stock market very closely, It plunged from the highest 14000 this year to now lowest of about 10000, where in the US the highest was like 13000 this year, and now it is 9000. There is fear of recession in Canada, just like US. Canada does have one of the soundest banking system in the world though. So I guess the Canadian dollar does not devalue nearly as much as US dollar in recent month.
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rjn128

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It is kinda bad, but no where near the proportion of the US. Our dollar is high, but gas prices, mortgage prices and most retail products are high. There are still lots of jobs, stocks are down but I don't really pay attention to that anyway.
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Canada prime rate
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