Canada and the rest of the G-7 major industrial countries say they are ready to take action to aid the response to the new coronavirus and support the economy.
The U-S Federal Reserve has announced it is cutting its benchmark interest rate by half-point to offset the new coronavirus impact.
The Bank of Canada is set to make its next rate announcement tomorrow morning.
Marvin Ryder - Associate Professor at the DeGroote School of Business McMaster University - believes Canada will follow suit, and slash interest rates by a half-point.
He tells CKTB's Matt Holmes that we like to think of markets as sophisticated tools, but when fear enters the picture, panic follows.
Ryder says while the quarantine of China seems to be working health-wise, shutting down the world's second largest economy has impacted the markets.