Canadian stock market drops to lowest point in two years
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E-mail Xinhua, December 18, 2018
TORONTO, Dec. 17 (Xinhua) -- Canada's main stock market Monday tumbled to the lowest point in more than two years as the influential energy sector was hurt by the price of oil dropping to its lowest level since the fall of 2017.
The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index dipped 232.42 points, or 1.59 percent, to close the day at 14,362.65 points, the lowest level since September 2016.
The Canadian dollar traded at an average of 0.7463 U.S. dollar compared with an average of 0.7474 U.S. dollar last Friday.
On the market, a total of 46 issues rose while 198 stocks fell. There were no new highs and 58 new lows, with total volume of 261.9 million shares.
The energy group fell 3.47 points, or 2.45 percent, while the financials sector slipped 3.77 points, or 1.36 percent. Enditem
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