WHAT HAP­PENED

The Globe and Mail (BC Edition) - - GLOBE INVESTOR -

Bay Street de­clines

Cana­dian stocks had their largest one-day fall in three months, as lower oil prices pres­sured the en­ergy sec­tor, while min­ing stocks also pulled the in­dex fur­ther from the all-time high it hit ear­lier this month. Cen­ovus En­ergy, which said on Mon­day it had reached a deal to sell its Wey­burn oil fa­cil­ity, fell 4.9 per cent.

Wall Street falls

U.S. stocks fell as Gen­eral Elec­tric plunged for a sec­ond day and a drop in oil prices hit en­ergy stocks. GE fell 5.9 per cent in the largest daily vol­ume in two years as in­vestors won­dered if a mas­sive over­haul of the com­pany by new chief ex­ec­u­tive John Flan­nery will be enough to re­vive the in­dus­trial con­glom­er­ate.

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