Friday, December 30, 2011
Canada: TSX stock market loses 11 per cent for 2011
The Toronto Stock Exchange lost almost 1500 points during 2011 a drop of 11 per cent from the beginning of the year. The exchange finished the year on a positive note closing up 113.9 points Friday.
U.S. market fell on Friday but the Dow Jones index was up 640 points or 5.5 per cent for the year. The S and P index was almost flat. The NASDAQ ended down two per cent for the year.
Gold and metals sub-indexes on the Toronto exchange also posted significant drops. Even though the price of oil rose over the year the energy index also declined. The loonie has risen slightly in relation to the U.S. dollar.