As investors, brokers, analysts and economists alike fear for the default of the Greek economy and the potential of a European meltdown, the markets at home are suffering. The expectations of what will happen with Europe’s debt crisis are making investors put away their wallets and this stall is hitting the North American economy hard. The Toronto Stock Exchange dipped 372 points today; a 13 month low. Neil Matheson, a president of an investment firm in Montreal, says “It has nothing to do with Canada”.
This is just a isolated event too; markets all around the world are suffering from mere speculation of a crash. Things will get much worse before they get any better…
Article on the TSX dip: