Japanese disaster will impact our economy

For the second straight day the Japanese stock market saw a big drop and, according to an Economics Professor at Lakehead University, the instability could spread. Livio Di Matteo says the unfortunate devastation could impact insurance companies depending on how exposed they are in Japan, but gas prices could drop with oil demand in Japan dropping.  In the Long term Di Matteo says a Japanese rebuild could lead to an increase in demand for Canadian natural resources and exports.