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There’s a different kind of economic shock at work today

By David Crane      

And it will be much more difficult to deal with. It is the shock of Brexit and Trump and the deep loss of confidence by many in the underlying economic model of the past several decades.

U.S. President Donald Trump, pictured in this file photo. David Crane says the federal political leaders need to do better to make sure a Trump or Brexit shock doesn’t derail our country as well. Photograph courtesy of Gage Skidmore

TORONTO—Economies have to contend with periodic shocks. A sharp increase or a steep decrease in the price of oil is one kind of shock. A rapid escalation or fall in the exchange rate is another. A financial crisis is a third example and we have had to deal with all three at one time or another. And we have. But there is a different kind of shock at work today. And it will be much more difficult to

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