The Toronto Stock Exchange lost 618 points Thursday to close below 19,000 for the first time since April 2021. Stubborn inflation has sent a chill through stock markets around the world recently. The benchmark Canadian stock index lost 618 points to close below 19,000 for the first time since April 2021. Stubborn inflation has sent a chill through stock markets recently as investors realize persistent higher prices will be a drag on profits as consumers are forced to find ways to cut back. The broader S&P 500 had its worst day since September 2020, losing 123 points or more than three per cent.

Source: CBC News June 16, 2022 21:34 UTC