Stocks Near First Correction in Canada Since Covid Crash of 2020

Posted by David Logan

Date: May 11, 2022

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May 10, 2022

(Bloomberg) Canadian stocks dropped for a fourth straight day, closing on the brink of the first correction since 2020, as investors exit risk assets on concerns about rate hikes and slowing economic growth.

The S&P/TSX Composite Index closed 0.6% lower on Tuesday after Federal Reserve Bank of Cleveland President Loretta Mester

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