Quote:
Originally Posted by Slava
Why not? Scotiabank and Manulife announced that they will lose money this quarter. They have fairly significant portions of the index, and naturally that news doesn't serve to increase things! Oil is also down by $2.30.
Surely even the conspiracies that the coalition have cooked up aren't enough to dictate falling oil prices?
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The markets were crazy before this, and they'll be crazy after. That's one of the reasons that this whole thing is such bad timing for the Liberals. They should let the Conservatives reign over this and get the bad press from it. Not that the Conservatives will deserve blame either, but we all know how people love to blame the government for all their problems.
If this coalition takes over and reigns through the bad times and then Harper wins the election as things start to turn around, it's going to look bad on the Liberals even if it is just circumstantial.