Investigating the Impact of COVID-19 Outbreak on Canada's Commodity Market

Achu Dobgima Destin, Ben Bardis
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引用次数: 1

Abstract

SARS-Cov-2 was first reported in Wuhan, a town in Hubei Province of China with a population of 11 million in December 2019, following an outbreak of non-pneumonia of a clear cause. The virus has now spread across the globe considerably more than 200 countries and territories, and the world health organization (WHO) described it as a pandemic on 11 March 2020. On the economic front, COVID-19 has led more than 200 countries partially or totally lockdown. This situation disrupted global supply chain, and induced a significant fall in both economic activity and financial asset prices. Canada, being one of the country affected by the Virus with 731 000 Cases, and 18 622 Deaths as at the 21 of January 2020. Recently vaccines have been developed but the contamination wave keeps on increasing every day. On the socioeconomic front, COVID-19 has led more than 200 countries into partial or total lockdown, disrupted global supply chains, and induced a fall in both economic activity and financial asset prices. It’s of prime importance to study how COVID-19 impact’s on Canada’s commodity market. The commercial and financial effect of COVID-19. The impact of COVID-19 is unclear because the public health crisis is still unfolding. There is limited amount of studies concerning this topic, because the crisis is still unfolding. The objective of this study is to investigate the impact of Covid-19 on Canada’s Commodity markets. The author uses extreme bound analysis for market interpretation and sourced data from Bank of Canada and Our World in Data COVID-19, from January 1 to December 31 2020. The result of the study show that, Total deaths per million have an impact on the monthly Bank of Canada’s commodity price index of energy because of the robust relationship between them. Furthermore, the result also show that, commodity price index of energy and total deaths per million are determinants to total commodity price index. Furthermore, commodity price index excluding energy, commodity price index of energy, commodity price index of minerals and metals, commodity price index of forestry and total deaths per million are robust determinants of monthly Bank of Canada total commodity Prices. M.BCNE, M.ENER, M.MTLS, M.MTLS, M.FOPR, M.FOPR, M.AGRI, M.FISH, TC, TD have a positive relationship with MBCPI. M.BCPI, M.BCNE, M.MTLS, M.AGRI and M.FISH.
调查COVID-19疫情对加拿大商品市场的影响
2019年12月,在病因明确的非肺炎疫情爆发后,中国湖北省武汉市首次报告了SARS-Cov-2。武汉市有1100万人口。该病毒现已在全球200多个国家和地区传播,世界卫生组织(世卫组织)于2020年3月11日将其描述为大流行。在经济方面,新冠肺炎疫情已导致200多个国家部分或完全封锁。这种情况扰乱了全球供应链,并导致经济活动和金融资产价格大幅下跌。截至2020年1月21日,加拿大是受该病毒影响的国家之一,有73.1万例病例,18622例死亡。最近疫苗已经开发出来,但污染浪潮每天都在增加。在社会经济方面,新冠肺炎疫情已导致200多个国家部分或全面封锁,扰乱了全球供应链,导致经济活动和金融资产价格下跌。研究COVID-19对加拿大商品市场的影响至关重要。COVID-19的商业和金融影响。由于公共卫生危机仍在发展,COVID-19的影响尚不清楚。关于这一主题的研究数量有限,因为危机仍在展开。本研究的目的是调查Covid-19对加拿大商品市场的影响。作者使用极限界分析进行市场解释,并从加拿大银行和我们的世界数据COVID-19中获取2020年1月1日至12月31日的数据。研究结果表明,每百万人死亡总人数对加拿大银行每月能源商品价格指数有影响,因为两者之间存在密切关系。此外,结果还表明,能源商品价格指数和百万人总死亡人数是商品总价格指数的决定因素。此外,不包括能源的商品价格指数、能源商品价格指数、矿物和金属商品价格指数、林业商品价格指数和每百万人总死亡人数是加拿大银行每月商品总价格的有力决定因素。M.BCNE、m.e ener、M.MTLS、M.MTLS、M.FOPR、M.FOPR、M.AGRI、m.f fish、TC、TD与MBCPI呈显著正相关。bcpi硕士,bcne硕士,mtls硕士,agri硕士和fish硕士。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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