Investigating the Impact of COVID-19 Outbreak On CANADA?ÇÖS Financial Markets

SARS-Cov-2 was first reported in Wuhan, a town in Hubei Province of China with a population of 11 million in December 2019, following an outbreak of non-pneumonia of a clear cause. The virus has now spread across the globe considerably more than 200 countries and territories, and the world health organization (WHO) described it as a pandemic on 11 March 2020. On the economic front, Covid 19 has led more than 200 countries partially or totally lockdown. This situation disrupted global supply chain, and induced a significant fall in both economic activity and financial asset prices. Canada, being one of the country affected by the Virus with 731 000 Cases, and 18 622 Deaths as at the 21 of January 2020. Recently vaccines have been developed but the contamination wave keeps on increasing every day. On the socioeconomic front, COVID-19 has led more than 200 countries into partial or total lockdown, disrupted global supply chains, and induced a fall in both economic activity and financial asset prices. The impact of Covid 19 is unclear because the public health crisis is still unfolding. There is limited amount of studies concerning this topic, because the crisis is still unfolding. The objective of this study is to investigate the impact of Covid-19 on Canada's financial markets, case study Canada's Commodity Markets and Canada's Treasury Bills. The author uses extreme bound analysis for market interpretation and sourced data from Bank of Canada and Our World in Data Covid-19, from January 1 to December 31 2020. The result of the study shows that, Total deaths per million (TD) have an impact on the monthly Bank of Canada's commodity price index of energy because of the robust relationship between them. Furthermore, the result also shows that, commodity price index of energy and total deaths per million are determinants to total commodity price index.

• | Author: Achu Dobgima Destin
• | Publisher: Eliva Press
• | Publication Date: February 24, 2021
• | Number of Pages: 62 pages
• | Language: English
• | Binding: Paperback
• | ISBN-10: 1636481116
• | ISBN-13: 9781636481111