Stock mar­kets pause amid eco­nomic un­cer­tainty

The Guardian (Charlottetown) - - BUSINESS -

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.

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