Canadian stocks slump on Greek political impasse

SAN FRANCISCO (MarketWatch) -- Canadian stocks fell sharply on Tuesday as a political stalemate in Greece revived worries about the euro zone's financial woes. The S&P/TSX Composite Index slid 191.51 points, or 1.6%, to 11,669.15. The S&P/TSX Capped Diversified Metals & Mining Index fell 3.7% and the S&P/TSX Capped Materials Index /zigman2/quotes/210598474/delayed XX:TORGC195 +0.81% shed 3.4%. Resource and gold companies were big decliners with Kinross Gold Corp. /zigman2/quotes/200423011/delayed CA:K +1.23% sinking 5.2% and Teck Resources Ltd. down by 4.4%. Uncertainties about Greece were exacerbated after the leader of the conservative New Democracy party Antonis Samaras said Monday that it was impossible to form a coalition government, passing on the responsibility to the anti-austerity Coalition of the Radical Left.

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S&P/TSX Capped Materials Index

XX : Canada: Toronto

343.12

+2.75 +0.81%

Volume: 52.93M

March 22, 2023 4:48p

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Kinross Gold Corp.

CA : Canada: Toronto

$ 5.75

+0.07 +1.23%

Volume: 4.39M

March 22, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

2.86%

Market Cap

$7.13 billion

Rev. per Employee

N/A