It was a day equity traders would like to forget, as they felt around for the bruises Friday.
Stocks in Canada’s largest centre plunged, in the worst session for the index in 10 months, as a new strain of COVID-19 made itself felt in South Africa and in Hong Kong.
The S&P/TSX Composite retreated 487.28 points, or 2.3%, to close the day at 21,125.90. The loss on the week was 429 points, or 1.99%.
The Canadian dollar was pounded 0.77 cents at 78.19 cents U.S.
The energy sector staggered backward, and rudely snapped a four-day rally on worries that the variant, which scientists considered the most significant found to date, could restrict travel and dampen economic growth.
MEG Energy descended $1.45, or 9.5%, to $10.83, while Crescent Point Energy dropped 53 cents, or 8.6%, to $5.64.
Health-care stocks were roughed up as well, with Bausch Health Companies sinking $1.48, or … Read more