On Wednesday, October 10, the Toronto Stock Exchange (TSX) recorded its most significant decline in eight months. The composite index closed 2.15% lower at 15,517.40, a decline of 336.65. As the date for cannabis legalization approaches, stock markets have felt a surge in investment into the product this week in particular. On October 17, the drug will be legalized everywhere in Canada. That may explain shares of Aurora Cannabis Inc. rising 8.6%, while cannabis producer Canopy Growth Corp. gained 3.6% on Oct. 12. As we neared the end of Wednesday, October 10, markets generally closed at a low point. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Financial specialists pointed out that borrowing costs and bond yields were rising. The growing tensions between the United States and China were partly explained by the IMF lowering the developing exchange rate conditions between the two countries in 2019. The fact that the interest level was rising worried many financial analysts. “Interest rates are much higher than they were a year ago and people need to be careful about what they invest,” said Martin Manseau, investment advisor at BMO. “Investing in the stock market is not something you do randomly and with your eyes closed. On Wednesday, in fact, stocks recorded their worst low in eight months, driven by a sharp decline in technology stocks, due to concerns of a rapid rise in interest rates in the latter. What made investors most nervous, however, was not the increase in investment lending. , but rather the threatening halt in growth of the global economy. This is concerning because just a few weeks ago the United States and Mexico signed the agreement to replace NAFTA with Canada, and if Canada becomes the weakest link, this could become a problem for the partnership as the U.S. dollar maintains its price. earnings position. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay On the other hand, the agreement removes some of the uncertainty surrounding North American tariffs. The stock market was also heavily affected by the US/China economic conflict. The latter is based on the desire for a shift towards risk-free asset classes that would ensure fixed income. On Friday, the Canadian dollar hit its weakest trading point in nearly two weeks at 1.3077. The only silver lining in Friday's stock report were gains in the healthcare and cannabis sectors, with 4.2 and 12.2 (for the two main competing companies) percentage increases, respectively. Some large traders participating in the TSX contributed to Friday's composite index which was at 15,414. 29. This indicates that the stock market is slowly recovering from the blow it received when the long weekend returned..