TSX plunges but recovers to close almost flat

TSX plunges but recovers to close almost flat

TSX plunges but recovers to close almost flat The Toronto Stock Exchange took a sharp plunge during Monday’s trading as the price of oil slipped back and issues in Asia spooked the markets. China’s latest growth figures are out tomorrow and are expected to show increasing weakness in the world’s 2nd largest economy and its premier today warned of difficult times ahead. Oil prices dropped again but have since recovered although they are still below $50.

The S&P/TSX Composite Index closed up 3.09 (0.02 per cent)

The NYSE was closed for Martin Luther King Day

Oil is trending higher

Gold is trending slightly higher

The loonie is up against the US dollar ($0.8343 at close)