Selloff Engulfs TSX Monday
Stocks throughout North America were roughed up in the worst way Monday, as investors showed their apprehension about rising interest rates aimed at taming inflation. The SP|TSX plummeted 532.26 points, or 2.6%, to close Monday at 19,742.56. The Canadian dollar lost 0.58 cents to 77.56 cents U.S. Cannabis companies proved the biggest losers on the day, with Aurora Cannabis down 18 cents, or 10.2%, to $1.59, while Canopy Growth faded 39 cents, or 8.4%, to $4.25. Gold and other resources took it on the chin Monday, Alamos Gold sank 86 cents, or 8.3%, to $9.53, while IAMGOLD Corp. backed off 32 cents, or 10.8%, to $2.64. Fortuna Silver Mines backpedaled 53 cents, or 11.3%, to $4.15, while K92 Mining lost $1.11, or 11.3%, to $8.76. Canada will announce a multi-million-dollar investment on Monday to make the Jansen potash mine run by the globe''s largest listed miner, BHP Group, "the cleanest and most sustainable in the world," a government source said. ON BAYSTREET The TSX Venture Exchange was hammered 32.8 points, or 4.7%, to 671.90.
Selloff Engulfs TSX Monday
Stocks throughout North America were roughed up in the worst way Monday, as investors showed their apprehension about rising interest rates aimed at taming inflation. The SP|TSX plummeted 532.26 points, or 2.6%, to close Monday at 19,742.56. The Canadian dollar lost 0.58 cents to 77.56 cents U.S. Cannabis companies proved the biggest losers on the day, with Aurora Cannabis down 18 cents, or 10.2%, to $1.59, while Canopy Growth faded 39 cents, or 8.4%, to $4.25. Gold and other resources took it on the chin Monday, Alamos Gold sank 86 cents, or 8.3%, to $9.53, while IAMGOLD Corp. backed off 32 cents, or 10.8%, to $2.64. Fortuna Silver Mines backpedaled 53 cents, or 11.3%, to $4.15, while K92 Mining lost $1.11, or 11.3%, to $8.76. Canada will announce a multi-million-dollar investment on Monday to make the Jansen potash mine run by the globe''s largest listed miner, BHP Group, "the cleanest and most sustainable in the world," a government source said. ON BAYSTREET The TSX Venture Exchange was hammered 32.8 points, or 4.7%, to 671.90.