Thursday, August 16, 2007

Canadian Market Downturn

The Toronto Stock Exchange (TSX) took a plunge today due to fears of the recent credit crisis affecting markets outside the United States.

"The sell-off leaves the TSX nearly 2,000 points below the record high set July 19 and in negative territory for the year as whole."

It seems as though this is really a global correction, and everyone's being affected. Well, at least the market numbers are. I'm uncertain how this can or will affect day to day life. I'm not seeing anything yet. How bad will it have to get before things return to "normal"?

Reference

CBC: Still a bad day, but TSX erases some early losses
CNN: Europe takes worst hit in 4 years
CNN Money: 5 ways to know if the bull is over

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