Fiscal Policy Trends: The Federal Government's Policy Response to COVID-19: Acting Quickly and Decisively
DOI:
https://doi.org/10.11575/sppp.v12i0.70038Abstract
As the number of confirmed cases of COVID-19 worldwide and in Canada continues to climb, the global economy is experiencing large disruptions not seen since 2008. On the morning of Monday, March 9th, 2020, trading on Wall Street was halted for 15 minutes shortly after the opening bell by the market’s circuit breakers due to a large decline in prices, and U.S. West Texas Intermediate fell by 24.59% to $31.13/barrel―it’s second worst day ever on record.
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