Canada's main stock index just endured worst day of 2019 - News Summed Up

Canada's main stock index just endured worst day of 2019


Canada's main stock index endured its worst day of 2019 Friday on signs of a global economic slowdown and potential for a recession. The S&P/TSX composite index closed down almost one per cent, losing 155.26 points to 16,089.33 after hitting an intraday low of 16,043.86. The S&P 500 index was down 54.17 points at 2,800.71, while the Nasdaq composite was down 196.29 points at 7,642.67. The Canadian dollar traded at an average of 74.57 cents US, compared with an average of 74.82 cents US on Thursday. With most corporate earnings results completed for the quarter, markets are at the mercy of headlines related to the ongoing trade dispute between the U.S. and China, Brexit negotiations and any economic data, said Scott.


Source: CBC News March 22, 2019 22:07 UTC



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