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)
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