Posted AT 6:00 AM EDT on 03/07/08
TSX slumps as pillars give ground
With oil prices shooting to the moon, the economy limping along and the credit crunch refusing to go away, at least investors could count on one thing: Canada's resource-rich stock market would keep chugging higher.
After yesterday, even that's been thrown into doubt.
Kicking off the third quarter on a grim note, Canada's benchmark stock index plunged 432.92 points or 3 per cent to 14,034.11 – its biggest drop in three months.
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| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | +20.77 | 13,771.25 |
| DJIA | -171.63 | 11,543.55 |
| S&P 500 | -17.85 | 1,282.83 |
| Nasdaq | -44.12 | 2,367.52 |
| Stock Profile | Sponsored by: |
|---|---|
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