Last week, Stephen Harper claimed:
Today, we see more volatility in the financial markets due to the crisis in the United States. Remember, Canada is not the United States. The fundamentals of the Canadian economy are sound.
Granted, this was said at the beginning of the week before the TSX had two of it largest single-day drops in history.
Today, the TSX started off terrible, falling 11 percentage points right out if the gate, and closed lower than where it had ended Friday. To top it off, get this.
No sector was untouched ?¢‚Ç¨‚Äú health care was off about 7 per cent, industrials fell 6.35 per cent and materials fell 5.62 per cent. The telecom sector fared the best, losing 3.01 per cent.
Are the fundamentals of our economy still sound? Is it still the Conservative stance to continue doing nothing?