13 Mar Genus In Focus Piece: Another Shock to the sytem
Another shock to the system: Oil price war breaks out; COVID-19 cases expected to rise
The question remains: Will the COVID-19 virus coupled with an all-out oil price war cause a recession?
Read below our expert’s forecast for the future of the markets and the possible pandemic hovering in the future.
We are inclined to think we are not headed there just yet in the US, but the chances of a recession in Canada are increasing as oil continues to plummet and businesses begin to default, exposing Canadian banks to greater risks. Canadian corporate to government bond yield spreads—a measure of corporate risk—remain at relatively low levels, hovering around 1.0%. That is similar to the levels we saw during the December 2018 pullback.
Share on facebook Share on Facebook Share on twitter Make a Tweet Share on linkedin Share on LinkedIn COVID-19 Continues to impact the markets, and the economy continues to adapt to the new world. Genus also continues to focus on our clients and what our
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