Stocks are tumbling again as investors worry Fed’s first emergency rate cut since 2008 is no cure for coronavirus slowdown

U.S. stocks declined and Treasuries surged as investors worried the Federal Reserve’s emergency cut won’t be enough to combat the economic impact of the coronavirus.

The two-year Treasury yield tumbled to 0.74 per cent, while the 10-year plunged toward 1 per cent. Banks led losses on equity benchmarks. Investors had piled out of risk assets last week as the spreading virus threatened to derail global growth, only to pour back in Monday in anticipation of concerted action from Group of Seven officials. Oil continued its rebound Tuesday, approaching US$48 a barrel, while gold also rose. The yen was higher versus the dollar.

Called it

Call me crazy but I'm thinking the virus doesn't care about interest rates.

Our economy is very brittle.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Feds short hundreds of million in repair, maintenance of defence infrastructureThe federal government has been chronically underspending on the repair and maintenance of Canada's defence infrastructure for years, leaving officials to play catch-up on maintaining aging roads, runways, jetties and thousands of buildings across the country. Defense is becoming bigger than the governments themselves. I wonder if they have an Asset Management Plan?CNAMAssn FCM_online Well of course, too busy pissing away money on everything else as usual.
Source: CTVNews - 🏆 1. / 99 Read more »

TSX snaps six-day losing streak as global stocks rally on central bank hopesBoost comes from news that finance ministers and bankers to hold teleconference on coronavirus response Tuesday
Source: nationalpost - 🏆 10. / 80 Read more »

How to handle the RRSP deadline while stocks tumble over coronavirusThe RRSP contribution deadline is Monday, at a time when markets are in a tailspin — leaving nervous Canadians wondering what they should do this time. YahooFinanceCA
Source: HuffPostCanada - 🏆 61. / 53 Read more »

Stocks shed some gains after G7 holds off new stimulusStock markets shed some gains Tuesday after the Group of Seven countries held off announcing new measures to help the global economy cope with the disruption from the coronavirus outbreak.
Source: CTVNews - 🏆 1. / 99 Read more »

How to handle the RRSP deadline while stocks tumble over coronavirusThe RRSP contribution deadline is Monday, at a time when markets are in a tailspin — leaving nervous Canadians wondering what they should do this time. YahooFinanceCA
Source: HuffPostCanada - 🏆 61. / 53 Read more »

Coronavirus panic buying spurs investors to stock up on packaged-food sharesShares of Campbell Soup, Conagra Brands, and other packaged food brands are on the rise today
Source: nationalpost - 🏆 10. / 80 Read more »