The coronavirus outbreak is resulting in slower Chinese growth, and quarantines in parts of the country are reducing manufacturing activity and impacting global firms' ability to tap in to Chinese supply chains. Scotiabank's Chief Economist Jean-Francois Perrault explains why the coronavirus is a "meaningful economic development" and what it could mean for the global and Canadian economies.

Watch the 60-Second Lookahead.

Read more about the potential impact of the virus in this report from Scotiabank Economics.