Canadian Stocks Close Out Worst Year Since 2008 With a Gain
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Canadian stocks rose on the final trading day of the year but it wasn’t enough to prevent them from posting their worst annual performance since 2008.
The S&P/TSX Composite Index gained 0.7 percent to 14,322.86 on thin New Year’s Eve volume after U.S. President Donald Trump reported “big progress” in trade talks with China. The benchmark lost 5.8 percent in December, 11 percent in the fourth quarter and 12 percent for the year amid concerns about global trade, rising interesting rates and plunging oil prices.