There's been quite a commotion since Donald Trump's positive COVID-19 test was announced on Thursday, October 1. Among the outcomes, there have been some pretty quick changes in the global economy.\nCBC News reported that "stock prices around the world" have dropped.\nOn top of that, oil prices took a "nosedive" following news of Trump's positive test, revealed OilPrice.com. \nIf anything, COVID-19 has shown us that economic shocks tend to have a massive effect on our livelihoods, our homes, and our mental health. \nNarcity spoke to Moshe Lander, an economist at Concordia University, to get his thoughts on how Trump's diagnosis could affect Canadians in the coming days and weeks. \nEditor's Choice: Dr. Tam Said Canadians Need To 'Give It The Old Double Double' To Fight The Second Wave\n\nDoes Trump having COVID-19 impact Canada's economy?\nLander said he thinks the "short-term impact is going to be more because of the uncertainty."\n"The stock markets are now going to be jittery, the oil prices are now going to fluctuate," he told Narcity. \nHe also said there's going to be a "redistributive effect" in that some people are going to lose money in the next 24 hours and some people are going to gain money. \n"Some sectors are going to benefit from the news that he's sick," said Lander. \nBut just the mere news of Trump having COVID-19 won't cancel oil projects or resume CERB benefits, he told us.\nSo the temporary impact is going to be low and Lander expects the markets to bounce back by Monday. \nThough, if things get worse for Trump, we might feel the heat. \n\nDo you think it will have long-term implications?\nLander said while the short-term effects will likely small, it's anyone's guess whether Trump's illness could have big consequences on the Canadian economy, especially with the election coming up so soon. \n"He's an overweight senior citizen, with probably a high degree of anxiety and stress in his life," said Lander. \n"He's not a good candidate to get the virus and come out on the other side well. That's going to be the broader impact," he stated. \nHe added that in the coming days and weeks, "if it turns out he's ill, hospitalized, or he dies...then we're going to start the impacts." \n\nShould Canadians be worried?\nIn terms of how things stand at the moment, no. \nLander said if there are indications that Trump is ill or that he is hospitalized, there could be trouble. \n"Then you're going to see markets start to panic, as they say 'What does this mean in terms of the election?'" said Lander. \nHe said that things could get even more chaotic if it emerges that Democratic nominee Joe Biden has also contracted the disease.\nThough, Biden has announced that he and his wife have tested negative for COVID-19. \nLander thinks even the quick dips in the stock market or oil prices "highlights how dependent we are on the health and the success of the U.S." \n"Health and success not just financially but the literal health of the U.S. I think that's really the takeaway from this story," he said.\n"We're still very, very dependent," he said about the Canadian economy in relation to the U.S..