Buy, sell or hold? That will be the question on the minds of many investors as the markets open Monday following last week's stock market sell-off.
That's when Canada's benchmark stock index plunged 961 points or seven per cent, wiping out a year's worth of gains in just four days.
The losses were tied to those in the United States, whose economy has been hit with a housing crisis, rising unemployment and falling consumer spending.
Even though the market indicators are better north of the border, Patricia Croft, chief economist at Phillips, Hager & North Investment Management Ltd., said the Canadian economy is tied to the U.S. economy.
"In the words of one analyst, 'Like maple syrup to pancakes,'" she said. "Where they go we follow, maybe with a lag of a quarter or two."
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That's when Canada's benchmark stock index plunged 961 points or seven per cent, wiping out a year's worth of gains in just four days.
The losses were tied to those in the United States, whose economy has been hit with a housing crisis, rising unemployment and falling consumer spending.
Even though the market indicators are better north of the border, Patricia Croft, chief economist at Phillips, Hager & North Investment Management Ltd., said the Canadian economy is tied to the U.S. economy.
"In the words of one analyst, 'Like maple syrup to pancakes,'" she said. "Where they go we follow, maybe with a lag of a quarter or two."
Full story
How are you dealing with the market turbulence?
More...