TSX drops sharply on oil supplies, weak jobs data

TSX drops sharply on oil supplies, weak jobs data

TSX drops sharply on oil supplies, weak jobs data After a few days of gains the Toronto Stock Exchange has plummeted today after the American Petroleum Institute revealed Tuesday that stocks of US crude rose sharply last week while Statistics Canada released revised data on the Canadian jobs market which showed a weaker picture than previously believed. With world markets also experiencing some choppy trading due to weak economic data and political concerns investor confidence is waning currently.

The S&P/TSX Composite Index closed down 231.00 (1.56 per cent)

The NYSE closed lower

Oil is trending lower

Gold is trending lower

The loonie is trending higher ($0.7986 at close)