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Stock impact report

The close: TSX finishes lower as recession fears grow [Toronto Globe and Mail (Ontario, Canada)]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
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The close: TSX finishes lower as recession fears grow Global stock markets sank on Friday following more signs that the COVID-19 pandemic would take a massive toll on economic growth, while oil prices continued to rally on hopes of a cut to global supply. Investors sought out safe havens in the U.S. dollar and government bonds, pushing U.S. Treasury yields near their lowest in three weeks. U.S. payrolls fell by the largest amount since March 2009, ending a record 113 straight months of job growth. Morgan Stanley said the U.S. economy will shrink 5.5% in 2020, the steepest drop since 1946, with a huge 38% contraction predicted for the second quarter. Canada’s main stock index gave up early gains to finish lower on Friday. The Toronto Stock Exchange’s S&P/TSX composite index was unofficially down 159.54 points, or 1.22%, at 12,938.30. The index had opened about 0.3% higher. Ten of the index’s 11 major sectors were lower. The financials sector slipped 2.1% and the industrials sector fell Show less Read more
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