Canadians across the country are concerned about the effects of the volatile day on the markets.
Nonetheless some brave business operators are taking their chances by opening in Ottawa despite an uncertain economy.
"We understand what's going on with the economy but where we stand now with Ottawa growing in housing, growing in retail … We feel that bringing a burger store here is really helpful for the economy," said Five Guys Brand Manager Ray Vizzi.
Five Guys is a chain specializing in burgers and fries. It first opened in Arlington, Virginia in 1986 and can now be found in more than 750 locations in 40 states and four Canadian provinces.
Fifty people have been hired to work in the new Kanata location which opens next week. There are plans to have 11 more open in Ottawa by the end of the year.
Financial expert Larry Moser says businesses expanding in Canada will help get through the economic uncertainty.
"Interest rates continue to remain low, banks are continuing to lend and we believe that our economy still has room for growth," said Moser. "So, I think now is a great time to open up a new business."
With a report from CTV Ottawa's Ellen Mauro
