Canada's finance minister Morneau: Impact of coronavirus in Canada is profound

Market news

18 March 2020

Canada's finance minister Morneau: Impact of coronavirus in Canada is profound

Canada now prepared to use its fiscal firepower to fight coronavirus impact on economy
Measures announced today our first phase of government's plan
First phase of response is CAD27 billion in direct spending
Export development Canada is working on specific tools for airline and energy sectors

European stocks closed: FTSE 100 5,097.09 -197.81 -3.74% DAX 8,441.71 -497.39 -5.56% CAC 40 3,754.84 -236.94 -5.94%

Oil: Upside potential may be limited to $50/bbl in 2021 – ABN Amro

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