Canada back to being ‘one of the global punching bags’ as TSX suffers biggest one-day loss in 18 months
The S&P/TSX Composite Index experienced its biggest one-day loss in 18 months Monday as investors piled out of Canadian stocks in a broad-based selloff. The TSX closed down 329.53 points, or 2.28%, to 14,144, with the biggest decline in energy and financial stocks. An unexpected drop in imports from China, the world’s largest commodity consumer, drove oil and metal prices lower Monday and accelerated the TSX’s decline.
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