CANADA STOCKS-TSX falls on virus-driven recession fears [Reuters]
HEXO Corp. - Common Shares (HEXO)
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Source: Reuters
CANADA STOCKS-TSX falls on virus-driven recession fears - Reuters 2 Min Read March 19 (Reuters) - Canada’s main stock index fell on Thursday, as investors were worried that action from central banks and governments may not be sufficient to stave off a deep coronavirus-driven global recession. * At 9:49 a.m. ET (1349 GMT), the Toronto Stock Exchange’s S&P/TSX Composite index was down 262.37 points, or 2.24%, at 11,459.05. * Failing to lift market sentiment was Canadian Prime Minister Justin Trudeau’s statement on Wednesday that his government would provide C$27 billion ($18.6 billion) in direct support to families and businesses struggling because of the coronavirus outbreak, and stood ready to do more. * Nine of the index’s 11 major sectors were trading lower. * The energy sector gained 1.2% as U.S. crude prices were up 8.6% a barrel, while Brent crude added 2.5%. * Oil prices rose after a 3-day slump. * Investors also shrugged off a private survey, which showed Canada added 7,200 job
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