Canada Can't Shake U.S. Stock Tumble
Canada's benchmark TSE 300 dropped 150.6 points Wednesday to 8101.4. A weak technical posture combined with the US$7.90 plunge in spot gold and the hefty losses in U.S. indexes gave the TSE 300 no choice but to continue lower. The close below 8148, the April peak, is another negative factor, as is the fact that Wednesday's selling was so broad based (13 of the 14 subindices closed down). S&P says there's a risk for continued losses Thursday, and activity will definitely be cautious as traders await Friday's key U.S. employment report.
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