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A worker controls a tapping of a blast furnace at Europe’s largest steel factory, owned by industrial conglomerate ThyssenKrupp, in the western German city of Duisburg.
A worker controls a tapping of a blast furnace at Europe’s largest steel factory, owned by industrial conglomerate ThyssenKrupp, in the western German city of Duisburg.
(INA FASSBENDER/REUTERS)

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Europe’s economic slide has mixed effects on TSX

The release of German gross domestic product data Tuesday was only the latest evidence of a truly wretched economic environment in Europe. For Canadian investors, the importance of Europe’s continuing economic meltdown varies widely by sector, with significant implications for two of the biggest in the S&P/TSX – banks and energy.