THE CANADIAN TIMES

EC PUBLISHING SINCE 1904

Friday, Dec 03rd

Last updateWed, 14 Feb 2018 7pm


Strict Standards: Only variables should be assigned by reference in /home/times/public_html/ct2/modules/mod_janewsticker/helper.php on line 239
You are here: Home Canadian Times Finance Crumbling of Canada's 3 stock pillars fuels concern about the economy

Strict Standards: Only variables should be assigned by reference in /home/times/public_html/ct2/plugins/content/jabookmark/jabookmark.php on line 68

Crumbling of Canada's 3 stock pillars fuels concern about the economy

Oil, bank and raw-materials are the biggest laggards in Canada for the first time since at least 1988, fueling concern the nation's economy is fading just as the U.S. is taking off.

The three industries, which collectively account for two-thirds of the Standard & Poor's/TSX Composite Index, are the worst performers among 10 groups this year, according to data compiled by Bloomberg. The nation's largest banks joined oil and materials in a rout that erased 4.1 per cent from the benchmark index in three days, including the biggest one-day retreat since June 2013.

Read More

BLOG COMMENTS POWERED BY DISQUS