Canadian Stocks Plunge Again After Oil’s Collapse Gets Worse

Posted by David Logan

Date: March 16, 2020

By Michael Bellusci

Mar 16, 2020

(Bloomberg)Canadian stocks plunged more than 9% after emergency measures from central banks failed to soothe fears the economy will suffer a heavy blow from the coronavirus.The S&P/TSX Composite Index dropped as much as 13.3% after the open, the biggest intraday drop since at least the index began trading in 1977, with more economists now calling for recession. All eleven sectors fell early Monday. The steep decline triggered a 15-minute trading halt for the third time in a week.

Oil’s spectacular

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