TSX sharply lower for sec­ond day

The Guardian (Charlottetown) - - BUSINESS -

TORONTO — The Toronto stock mar­ket was sharply lower for a sec­ond con­sec­u­tive day Thurs­day as in­vestors ap­peared to ig­nore the pos­i­tive news from over­seas that cheered traders south of the bor­der. The S&P/TSX com­pos­ite in­dex closed down 133.58 points at 14,278.49, adding to a big de­cline of 212 points in the pre­vi­ous ses­sion as the In­ter­na­tional Mon­e­tary Fund cut its growth forecast for both the Cana­dian and global economies. In New York, it was a dif­fer­ent story amid re­newed op­ti­mism that a deal was in the works be­tween Greece and it cred­i­tors and signs that mea­sures by Bei­jing to stem the rout on China's stock mar­kets ap­peared to be work­ing. The Cana­dian dol­lar also halted its re­cent skid, ris­ing 0.21 of a U.S. cent to 78.70 cents.

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