Albertans frustrated with stock market losses: ‘It’s a manufactured situation’
Global News
It's almost a universal feeling — the anxiety and despair you might experience while looking at your investments right now.
There have certainly been better times to be looking at your financial portfolio.
“I was just meeting with my accountant,” Calgary resident Shannon Matheson said.
“It’s not been great,” said Darrin Ambrose, another Calgary resident.
Trillions have been lost from the global stock market since the U.S. Trump administration announced retaliatory tariffs on dozens of countries — leading to economic volatility, poor sentiment and lots of red on index screens around the world.
The Canadian dollar, Toronto Stock Exchange (TSX) and crude oil all finished lower on the day Monday, despite an earlier rally.
Adding to the frustration for investors, isn’t the fact the pull-back is happening — it’s why it happened.
“The difference here is that it’s a manufactured situation,” explained Darren Cooper, Senior Investment Advisor with Wellington-Altus Private Wealth in Calgary.
The top 500 companies in the United States have lost a year’s worth of value in three trading days since the Donald Trump announcement on Wednesday, Apr. 2.
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Watch the online news edition of Global Okanagan at 5:30 p.m.
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