U.S. slashes interest rates to zero in emergency economic intervention; Italy reports 3,590 more cases, 368 deaths; Ontario casinos temporary closing

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Amral

5:38 p.m.: Prince Edward Island is closing all schools for two weeks following the scheduled March Break, remaining closed until April 6 amid the COVID-19 pandemic. All licenced child-care centres will also be closed until further notice, effective immediately.

5:18 p.m.: The U.S. Federal Reserve slashed its benchmark interest rate by a full percentage point to near zero and said it would buy up government debt in a bid to brace the American economy from the fallout of the coronavirus.

Toronto Star website.

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Former Member

Futures down 900 points tripping circuit breaker. Blood bath tomorrow if this holds at open.

3/15/207:20 PM

Former Member

Trump tried to talk the market up after the Fed announcement but no one paid attention. Sold right off.

3/15/207:43 PM

Bibi HaniffaGNI Queen

The markets will continue a downward spiral. Exxon is dead in the water. No recovery in sight. By the time they come up for air the rest of the world would have moved on to renewable energy.

3/15/208:14 PM

Former Member

So Guyana will have to resort to selling plantain chips and cassava pone again?

3/15/208:17 PM

Bibi HaniffaGNI Queen

Yes. Coincidentally, the price of sugar is increasing on the commodities market. The whole economic cycle is turned upside down.

3/15/208:36 PM

Former Member

So more evidence of Granger's miscalculation.

3/15/208:47 PM

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