Stock markets pause amid economic uncertainty
TORONTO — North American stock markets finished relatively unchanged on Tuesday as investors paused after a dismal start to 2016 trading the previous session, which had led some to predict a year of volatility ahead. The Toronto Stock Exchange’s S&P/TSX composite index closed down 7.01 points at 12,920.14. The weakness came on the heels of the index finishing Monday 82.80 points lower, as a sharp decline in China triggered a sell-off that spread worldwide. Some of that intensity abated in the aftermath, with most major markets coming well off their lows of the day on Tuesday, after China injected cash into the country’s financial system. Driving the TSX lower were consumer discretionary stocks, which fell 1.2 per cent overall, and the materials sector which dropped 0.7 per cent.