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Stock Market Bloodbath Has Some Winners in Canadian Market

  • S&P/TSX Composite fell 1.6% Monday, while S&P 500 plunged 3.4%
  • Gold miners help offset big declines for investors in Canada
Toronto's Financial District As Stock Market Bloodbath Kept At Bay In Canada With Gold Rally
Photographer: Stephanie Foden/Bloomberg
Updated on

The plunge in global stock markets seeped into Canada as a raft of new coronavirus cases in numerous countries outside China heightened concerns about the ability to prevent the illness from spreading and its potential economic impact.

The S&P/TSX Composite Index tumbled 1.6% Monday in Toronto -- its biggest drop in about six months -- while its American counterpart nosedived by more than double that amount as the S&P 500 Index skidded to the first three-day decline this year. British Columbia just announced a seventh virus case in the province.