TSX slumps to lowest level in more than a year as bond market flashes warning sign of recession

  • 📰 CBCAlerts
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

The Toronto Stock Exchange's main stock index has given up all of its gains for 2023, as investors head for the exits as the realization that high interest rates are going to stick around settles in.

After topping 20,600 points as recently as mid-September, the TSX is flirting with the 19,000-point mark on Tuesday.

The benchmark Canadian stock index is one of many around the world caught up in a wave of selling that's been prompted by the prospect of a global economy showing signs of slowdown. Consumers have felt the pinch of high interest rates mostly in the mortgage market, where variable rate loans have skyrocketed. But businesses have felt it, too, as their cost of borrowing has gone up at a time when consumers are showing there's a limit to how many price increases they're willing to pay for goods and services.

Bonds have sold off as investors move their money from older ones that pay little to new ones with higher coupons. That sell-off has pushed yields on government debt to its highest level in years.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 37. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,177.18, down 364.09 points): Toronto-Dominion Bank (The). (TSX:TD). Finance. Down $1.42, or 1.7 per cent, to $80.41 on 16.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »