Cost of Living·EPISODE 26

Bourse anarchy — what fear of the coronavirus is doing to markets

We explore the difficulty for Canada in balancing environmental priorities with economic development, along with a look at how COVID-19 is affecting markets.

Plus how regulatory flip-flops makes balancing environment and economics harder

The "solar coaster" is one example of the dance between the environment and the economy in Canada; plus how COVID-19 is pulling the markets down. (Tracy Fuller/CBC, Shutterstock, Michael Wilson/CBC, Stefano Guidi/Getty)
Listen to the full episode27:30

A week of massive selloffs in North American stock markets comes days after record highs.

Investors both in Canada and around the world decided to head for the exits en masse, as the TSX, Dow Jones Industrial Average, Nasdaq and the S&P 500 have all lost value.

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Click here to listen as Paul Haavardsrud and producer Tracy Johnson explore the specific worries around COVID-19 that are driving the current market plunge.

Also, how do we actually balance the economy with our climate change goals?

In the midst of blockades over the Coastal GasLink project, and Teck withdrawing its application for a $20-billion oilsands project we ask the question — can Canada have its cake and eat it too?

Paul Haavardsrud asks economist Andrew Leach for context. Click here to listen.

When government flip flops on green policies, what you end up with is uncertainty.

Producer Tracy Fuller looks at some of the job losses in Alberta and Ontario as a result of those provinces reversing course on climate change strategies.

Click here to listen as we ask whether those jobs matter, when skeptics might point out they were artificially created in the first place?

Click 'Listen' at the top of this page to hear the whole episode or download the CBC Listen app.


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