Recent DownturnThe reason for the recent drop seems obvious to me. The Bank of Canada has been raising interest rates, making it more expensive for companies to borrow money. Economists are saying that, if current interest rates go much higher (I think the threshhold benchmark is 4.4%) Canada's economy will be forced into a recession. Of course, as others have mentioned, there are other factors at work as well, such as a looming World War, etc.