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Is the party over?
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Toronto stocks in biggest intraday drop since 2001
Mon Jan 21, 2008 12:39pm EST
Market News
Oil falls below $89 as stock markets drop
European stocks fall 5 percent on U.S. recession fears
Gold hits 2-week low as euro weakens broadly
By Scott Anderson and Jonathan Spicer
TORONTO, Jan 21 (Reuters) - Canada's main stock market index plunged to its lowest level in more than 14 months on Monday, following a rout in overseas markets, as persisting worries over the wellbeing of the U.S. economy sent investors running for the doors.
By early afternoon, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 553.73 points, or 4.35 percent, at 12,183.39. Earlier in the session, it had fallen as much as 617 points. |