Quote:
Originally Posted by Johnny199r
Good thing for Canadians is I wouldn't imagine many of us have much exposure to the Chinese market. A small percentage of a few global etfs or mutual funds at the most.
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No but the economy is very interdependent these days. Crashes have the potential to cascade across investors world wide as investors panic. Canadian markets being hammered by resource and oil price slowdown in Asian demand and over-supply. Europe is being hammered by Greece. Other Asian markets are getting dragged down because of China.
Canadian markets have dropped ~7% from their peak in mid April. Not the 30% drop the Chinese markets have seen in the last month, but not unsubstantial either. Then again the Canadian market was not up 77% for 1 year period prior to the crash like the Chinese market was.