The TSX slumped again today but it wasn’t all down to energy, banks and minerals. Consumer shares have also taken a hit today; in fact all ten industries in the index fell. Retail stocks dropped as an index of manufacturers of concessionary goods took its biggest fall in 3 years. Mining stocks fell as the price of copper and other metals declined as the World Bank forecast global economic weakness. Banks and energy firms also ended with losses.
The S&P/TSX Composite Index closed 102.73 (0.72 per cent)
The NYSE closed lower
Oil is trending slightly lower
Gold is trending lower
The loonie is down against the US dollar ($0.8372 at close)