Posted AT 4:53 PM EST on 21/01/08
Global anxiety takes toll on TSX
Global anxiety about the prospects of a U.S. recession sent stocks prices tumbling around the world Monday, pushing the Toronto Stock Exchange down 604.98 points, or 4.75 per cent – the steepest one-day drop in seven years.
The plunge on the TSX, which closed at 12,132.14, followed sharp drops on the European and Asian stock markets amid investor pessimism over the U.S.
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