Canada Stocks Slide for Third Day as U.S. Election Angst Builds
- Global equities continue drop as race tightens with days to go
- Airlines fall as government raises limit on foreign ownership
TSX Movers: Kinross Gold, CI Financial, Linamar
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Canadian stocks erased gains to finish lower with global equities as investor anxiety rises ahead of Tuesday’s U.S. presidential election. Crude slumped to a five-week low, dragging down energy shares, while airlines slid amid speculation competition will increase.
The S&P/TSX Composite Index fell 0.1 percent to 14,583.42 at 4 p.m. in Toronto, erasing a gain of as much as 0.5 percent. The S&P 500 Index slid for an eighth day and the CBOE Volatility Index had an equal number of gains as investors pulled back on riskier assets amid polls showing the U.S. election tightening.