Ezra Levant

Today's moron award goes to Ezra Levant, who claimed during a CTV panel discussion with Garth Turner and Jeff Atkinson that the stock market this morning voted on the prospects of a coalition government, returning the largest net drop in the Canadian equity market ever.

I wondered how long it would take for the Conservative Party to trot someone out to pass on this canard, and I must say I'm not surprised it was Levant - someone no one in the Conservative party listens to any more - was the moron du jour.

The following chart illustrates the U.S. markets falling in unison with the Toronto index. You can bet that U.S. markets fell on renewed concerns over the economy, as did the Toronto 300 index. Oil and gold - both prices set internationally - were down precipitously and this always has an outsized effect on the Canadian market.

Ninety nine of one hundred U.S. investors don't even know we have a government let alone one about to fall.

Nice try Ezra.