Stock markets responded with a kind of panic seldom seen in response to the UK vote to leave the European Union. Nothing seems certain including just how seriously anyone should take the plunge of equities in Toronto, New York and elsewhere. By late afternoon Toronto nearly 250 and the Dow about 580. Dozens of insights appeared: The decision will bring lower interest and yet another surge in the price of homes in Toronto. Canadians will find it is cheaper to travel to Britain as the pound takes a hammering and finally predictions Britain will now be eagerly pushed out of the EU not so much for spite as a fear that other countries will get the same idea. In Canada, Prime Minister Trudeau said that Canada is “well- positioned” to weather the stock market storm. “The country’s economy is strong, diversified and resilient. While last night’s vote will undoubtedly increase the global economic uncertainty, Canadians can be reassured that we are monitoring the situation closely and that we will work with our partners across the world to maintain stability and create economic growth,” Trudeau said in French in Quebec City.
