Front Burner

COVID-19 comes for the stock market

“This is an extraordinary time. This is history.” COVID-19 and an oil price war led to one of the worst days for the market since the 2008 financial collapse.
“This is an extraordinary time. This is history.” COVID-19 and an oil price war led to one of the worst days for the market since the 2008 financial collapse. (Russell Boyce/Reuters)
Listen to the full episode19:40

It was a historically bad day for global markets. The twin factors of COVID-19 and a collapse in the price of oil led to widespread panic and one of the worst days in the stock market in years, with consequences still to come.

What just happened, and why are people freaking out? Manulife global chief economist Frances Donald is here to explain.

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