Quote Originally Posted by CGM View Post
Here's one year charts of the Toronto Stock Exchange and the Toronto Dominion Bank. If this is a big economy least affected, I'd hate to see the worst affected.
A recession and a global financial system meltdown has quite an adverse effect on any stock market index or financial stock so looking at the numbers right now doesn't give you the real picture. The measuring stick is solvency. None of Canada's banks are bankrupt and they haven't needed a bailout to remain solvent either. Despite already having been bailed out with trillions of dollars, major US/European/Asian banks are all bankrupt.