Posted AT 5:02 PM EST on 02/09/08
TSX falls more than 450 points
Investors who had been slowly backing away from commodities broke into an all-out run Tuesday as oil fell below $110 (U.S.) a barrel, pushing the S&P/TSX to one of its worst losses of the year.
“The commodities have been responsible for supporting the market for the last year, and they are giving back those gains,” said Julie Brough, vice-president of Morgan Meighen & Associates.
“We've been having a correction in commodity prices and we're just seeing more of it today.
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