Newspaper article The Canadian Press

Parliament Audio 1:25 PM ET

Newspaper article The Canadian Press

Parliament Audio 1:25 PM ET

Article excerpt

Parliament Audio 1:25 PM ET

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P05 - (Financial-Markets-Morneau) OTTAWA. x-16s. Federal Finance Minister Bill Morneau says yesterday's record drop in stock values is not an indication of how the "real" economy is doing. And he says the strong fluctuations in stock markets since late last week are an indication that investors are taking a second look at their investment portfolios. ("..based on expectations.") (SOURCE:The Canadian Press)

TAG: The Dow Jones Industrial Average posted its steepest drop in six-and-a-half years yesterday on fears that signs of rising inflation and higher interest rates could bring an end to the bull market. Today, the Dow appeared to stabilize by noon trading while the Toronto market was down about 75 points. …

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