TORONTO, ONTARIO and CHICAGO, ILLINOIS — (Marketwire) — 08/04/11 — Investors are reeling from a major selloff in stock markets amid heightened concerns about a softening U.S. economy and the persistent European debt crisis. The Dow Jones Industrial Average fell sharply and is now down approximately 10 per cent from its recent peak. The selling spread beyond stocks, as a wide range of commodities also fell deeply; even previously robust gold prices were caught in the downdraft. Meanwhile, the Canadian dollar has also retreated suddenly and sharply from its multi-year high of just last week, falling to just over $1.02 against the U.S. dollar.
Amid renewed economic uncertainty, investors are looking for answers on when the storm will subside, whether there are safe havens, and if now is a good opportunity to buy.
BMO experts will provide an update on the latest market and economic developments.
Please contact us to confirm attendance or if you have any questions.
Contacts:
Media Relations Contact:
Peter Scott, Toronto
(416) 867-3996
Martha McInnis, Toronto
(416) 867-3996
Rachel Oryema, Toronto
(416) 867-3996