Canadian stocks fall most in 2 years, loonie dips on recession fear

The Toronto Stock Exchange’s S&P/TSX composite index ended down 3.1% at 19,004.06, its biggest drop since June 2020 and its lowest level since April 2021.

U.S. stock indexes also tumbled on Thursday as the Swiss National Bank and the Bank of England lifted interest rates following the Federal Reserve’s 75-basis-point hike on Wednesday, with central banks aiming to slow domestic activity in the face of soaring price pressures. “People have been talking about recession but it’s not in market expectation yet if you look at the forward earnings growth. So that’s the next shoe to drop.”

U.S. crude oil futures settled nearly 2% higher at $117.58 a barrel after the United States announced new sanctions on Iran.tap here to see other videos from our teamTechnology, which tends to be particularly sensitive to higher interest rates, fell 3.8% and heavily-weighted financials were 2.9% lower.

Fear! fall! Dips! Oh my… another example of stellar yeller tabloid antics from the Vancouver Black Hole.

👍🏽👍🏽

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks around the world are tanking today as recession fears spike after Fed hikeWells Fargo said the odds of a recession now stand at more than 50% Debt Market is exploding. Why Covid Money Printing and Economic Closure Inflation is NOT peaking, it has only just begun Intentionally done Already tanked lol
Source: nationalpost - 🏆 10. / 80 Read more »

These 10 TSX metals and mining stocks offer relative stability in a volatile sectorWe are looking for profitable picks amongst Canadian-listed metals and mining stocks
Source: globeandmail - 🏆 5. / 92 Read more »