Finance Minister Bill Morneau said today the coronavirus outbreak will have a "significant impact" on Canada's economy, with the oil patch expected to be among the sectors hardest hit. Speaking at the Economic Club of Calgary, Morneau said the novel coronavirus will have ripple effects throughout the world because of China's massive economic footprint. Impact on oil sector"We know the impact is real. He also argued that Canada's economy remains resilient and its fiscal position is stable enough to weather any global downturn. Finance Minister Bill Morneau says the coronavirus is having an impact on Canadian tourism and natural resource industries.

Source: CBC News February 10, 2020 17:02 UTC