Have Markets Found a Bottom?
By John Stackhouse
Published March 24, 2020 | 9 min read
"The 10-Minute Take", a new podcast series dedicated to providing the point of view of market experts on events unfolding around the globe.
Featuring Craig Wright, SVP and Chief Economist, RBC
After one month of declines, 10,000 points off the Dow and a lot of “announcement indigestion,” RBC’s Chief Economist Craig Wright says markets are still searching for a bottom. They’re unsure of how to price so much new risk, all at once. Central banks are also struggling to assert themselves, while governments have not been able to get enough new money into the economy. Even when the trillion-dollar checks are cut, will consumers spend and businesses invest?
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RBC Economics provides RBC and its clients with timely economic forecasts and analysis.
John Stackhouse
Senior Vice President, Office of the CEO, Royal Bank of Canada
As Senior Vice-President, Office of the CEO, John advises the executive leadership on emerging trends in Canada’s economy, providing insights grounded in his travels across the country and around the world. His work focuses on technological change and innovation, examining how to successfully navigate the new economy so more people can thrive in the age of disruption.
Prior to joining RBC, John spent nearly 25 years at the Globe and Mail, where he served as editor-in-chief, editor of Report on Business, and a foreign correspondent in New Delhi, India. Having interviewed a range of prominent world leaders and figures, including Vladimir Putin, Kofi Annan, and Benazir Bhutto, he possesses a deep understanding of national and international affairs.
In the community, John serves as a Senior Fellow at the Munk School of Global Affairs and C.D. Howe Institute, and on the boards of Queen’s University and the Aga Khan Foundation of Canada.
John is the author of three books: Out of Poverty, Timbit Nation, and Mass Disruption: Thirty Years on the Front Lines of a Media Revolution. His fourth book, Planet Canada, about Canada’s global population in an age of nationalism, will launch in April 2020.
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