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Canada’s Market Misery In Charts Has Oil Written All Over It

  • Some energy stocks have fallen by more than half today
  • Biggest TSX drop since 2008 pushes index closer to bear market

The double-digit plunge in the price of oil is wreaking havoc on Canadian markets that were already buckling under the coronavirus and weak growth.

In charts, here are the highlights -- and lowlights -- of the trading day. The S&P/TSX Composite Index was down 8.2% as of 1:35 p.m. Eastern time, the biggest dive since the 2008 financial crisis. Bond yields plumbed record lows and the loonie is tumbling.