Young Economists' Society Guelph

Lang Faculty: COVID-19 Insights and Analyses | Gordon S. Lang School of Business and Economics This page will be updated as more Lang faculty add their expertise in order to better understand the impact and recovery of the COVID-19 pandemic.

The S&P/ TSX Composite index fell 10.3% yesterday. The biggest one day drop since 1987. Analysts have a pessimistic view of the Canadian economy and are predicting the loonie to weaken further against the dollar. Read more about this through the link below:

Biggest Drop Since ‘87 Crash: $218 Billion Lost in Canada Stocks Canadian markets were battered on all fronts as the collapse in oil sent shockwaves through a country with one of the biggest exposures to the commodity among the Group of Seven.

We're super excited about our Sustainability panel discussion this Wednesday! Check out the photo below for topic highlights!

Are you interested in sustainable business? On February 26th the Young Economists' Society is hosting a panel discussion on sustainable business. Stay tuned for more details!

See you tonight!

The Fed kept the benchmark interest rate steady and their policy statement indicates an upbeat view of the US economy. According to the WSJ, most officials believe the rates are low enough to stimulate growth.

Read more about it here:

Federal Reserve Keeps Interest Rates Steady, Sees Long Pause The Federal Reserve held its benchmark interest rate steady and signaled no appetite to raise it anytime soon.

One of the main arguments for holding the policy rate constant is the resilience of the Canadian economy (on-target inflation and strong employment numbers) in the face of global trade tensions.

Is a one month drop of this magnitude call for concern?

Read more about it here:

Canada loses 71,200 jobs in biggest employment drop in decade Unemployment rate jumps the most since 2009 to 5.9%

The German economy grew 0.1% last quarter, narrowly avoiding a second consecutive quarter of declining economic activity. The bulk of the German economy depends on the export of manufactured goods which is suffering right now as a result of global trade tensions.

Read more about it here:
https://www.bbc.com/news/business-50419127?fbclid=IwAR0yEBbnQJAHnceEjxghTUgR05r3kWSwUd7phE1fgbNZK4osoWknsN4Dn8I

Germany avoids recession despite trade war hit The country narrowly avoids recession as it struggles with trade conflicts around the world.

ATTN all Economics majors! Do you think a Basic Income Guarantee can replace welfare? What are your opinions on the canceled Ontario basic income pilot project? Join us at our next meeting for a great debate!

Asia is the world's largest regional economy and global trends are shifting towards it. This region's share of the global goods trade has increased by 8% since 2002. Read more about how Asia is defining the next phase of globalization here:

https://www.mckinsey.com/featured-insights/asia-pacific/the-future-of-asia-asian-flows-and-networks-are-defining-the-next-phase-of-globalization?cid=other-soc-lkn-mip-mck-oth-1911--&sid=2812030595&linkId=76733874&fbclid=IwAR14LnJatAbeG1T6ODSptsCUBfB0mmBRqnaYfSkWmPSYwOVqA1HRGWmhjDo

The future of Asia: Asian flows and networks are defining the next phase of globalization Asia is the world’s largest regional economy and will continue to grow in scale and influence as its economies globalize.

RBC is one of 15 banks with a bookrunner role in the IPO for Saudi oil giant Aramco. Aramco plans to list on the Saudi stock exchange sometime this month.

Read more about it here:
https://business.financialpost.com/news/fp-street/royal-bank-of-canada-wins-coveted-role-in-saudi-aramco-ipo?fbclid=IwAR3DibiLPHud7rkXISzDkzkVm4g8gsehGRx4vJnz8E-wGVqlMxoP7EQqT2w

Royal Bank of Canada wins coveted role in Saudi Aramco IPO RBC, Banco Santander and Japan’s Mizuho Financial Group are among banks that have secured bookrunner roles, sources say