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)