David Buik Comments: US Woes Could Mean Tough Times For Canadian Consumers - CTV Online

CTV News: Richard Madan on the market effects

U.S. President Barack Obama offers reassurances to Americans and panicked investors as the country's first-ever credit downgrade sends markets around the world tumbling.

CTV News Channel: Paul Martin, former PM

The former prime minster and finance minister, who sits in the IMF's western hemisphere board, says Canada should be ready for market fallout, but it's also an opportunity for Canada to attract investors.

CTV News Channel: Peter Coy, editor

The economics editor with Bloomberg Businessweek says the S&P downgrade isn't newsworthy because everything people knew after the downgrade was the same information they knew beforehand.

CTV News Channel: BNN's Brett Harris

A correspondent with the Business News Network in Toronto says if the economy is heading for another double dip recession, then the markets are going to continue to tumble. He says the U.S. credit rating is at risk of being downgraded again if they can't cut their debt.

CTV Toronto: John Musselman on the markets

The reverberations of the U.S. debt downgrade hit stocks in Toronto and around the world on Monday. John Musselman reports.

CTV Montreal: Aphrodite Salas on the downgrade

Montreal investors and economic experts were weary Monday of the financial outlook in the wake of the U.S. having it's credit rating downgraded.

CTV News Channel: Paul Workman on the economy

CTV's Washington bureau chief says world markets are still in a terrible state and the U.S.'s downgraded credit rating has left investors nervous.

CTV News Channel: Louis Gagnon, Queen's Univ.

A financial expert with Queen's University in Kingston, Ont., says political wrangling has to have played a very significant role in Standard & Poor's decision to downgrade the U.S. credit rating. He says it's still too early to tell if they'll be downgraded again.

CTV News Channel: U.S President Barack Obama

U.S President Barack Obama says America needs tax reforms that will make the rich pay their fair share. He also says the government must make reforms to programs like Medicare, saying his administration will work on this until the job is done.

CTV News Channel: Colin Cieszynski, analyst

An analyst with CMC Markets Canada says there will be a fight to prevent the potential collapse of the world financial system, and explains how there is no 'quick fix,' as so many countries are in financial trouble.

CTV Montreal: Aphrodite Salas on the nosedive

Stock markets are plunging in the first weekday of trading after Standard & Poor's downgraded the U.S. credit rating. Aphrodite Salas talks to financial advisors about what to expect.

CTV News Channel: David Buik, market analyst

A market analyst and a partner with BGC Partners discusses what will happen if Europe's markets continue to tumble this week and whether he believes the U.S. is headed toward to a double dip recession.

Canada AM: Long term effect of crisis?

Craig Alexander, the senior vice president and chief economist of TD Bank, and Jeff Rubin, a former chief economist with CIBC World Markets discuss the long term consequences of what's happening in the North American markets. 

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