Canadian Finance Minister Bill Morneau urged Canadians to continue investing in the stock market as the TSX reported the worst trading day in its history Thursday due to coronavirus fears.
The minister also promised the next federal budget, which he still plans to unveil at the end of the month, will be able to reflect the “volatility” and “uncertainty” being seen in the markets.
“We have a very, very strong fiscal position in Canada, the best among G7 countries,” he said. “That’s going to allow us to continue to invest, to make sure our economy stays strong, to make sure we come out of this challenging time with the opportunities that Canadians expect and deserve.”
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