‘We Will Get Through This’: Canada Strategists on Historic Dive
- S&P/TSX Composite Index is down 24% from February peak
- ETFs and passive investing fundamentally altering markets
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As investors try to make sense of one of the swiftest downward spirals in market history, some of Canada’s biggest money managers are advising clients to hold their nerve.
After a wild week, the S&P/TSX Composite index staged a late comeback on Friday after U.S. President Donald Trump and other leaders said they would boost their efforts to help the economy. Trump instructed Energy Secretary Dan Brouillette to buy “large quantities of crude oil” for the U.S. strategic reserves, boosting crude prices.