Money Talks - TSX roller coaster ride.

Today was a thrill packed day for the Toronto Stock exchange. Within 15 mins during the afternoon, TSX went from +50 to -50 and back. This happened a few times until closing with a negative 46.75.

The leader for today’s downward rally was Research in Motion, which drop a total of 4.59 and closes at 109.9. At one point, RIM was down near 10 dollars, but was able to recover at most of that lost by closing time.

Imports and exports number for August are down, my guess is, with the looney raising, we’ll see these numbers drop in September as compared to August, and further more in October.

One fear I have is that we are really heading for a recession, with exports down, businesses would eventually loose money and may go bankrupt. If this happen to enough of the Canadian businesses, especially the smaller ones, we might really be heading for another recession.