TSX plunges as positive data gets swamped by global fears

TSX plunges as positive data gets swamped by global fears

TSX plunges as positive data gets swamped by global fears If times were different the main index of the Toronto Stock Exchange may have reacted better to news that Canada’s consumer price index and retail sales were up according to the latest data. However the figures were not strong enough to dampen fears about the global economy that dominated sentiment again Friday with oil and China’s weak factory data weighing. The TSX did manage to fall by just under 2 per cent, rather than the 3 per cent seen on Wall Street and in Europe though.
 
The S&P/TSX Composite Index closed down 263.3 (1.92 per cent)
The Dow Jones closed down 530.9 (3.12 per cent)
Oil is trending lower (Brent $45.33, WTI $40.29 at 4.35pm)
Gold is trending higher (1159.0 at 4.35pm)
The loonie is valued at U$0.7592