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May 8, 2012, 11:59 a.m. EDT

Canadian stocks slump on Greek political impasse

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By Sue Chang

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 +0.62% shed 3.4%. Resource and gold companies were big decliners with Kinross Gold Corp. /zigman2/quotes/200423011/delayed CA:K +0.85% 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.

/zigman2/quotes/210598474/delayed
XX : Canada: Toronto
320.76
+1.98 +0.62%
Volume: 49.36M
Jan. 25, 2022 4:53p
loading...
/zigman2/quotes/200423011/delayed
CA : Canada: Toronto
$ 7.13
+0.06 +0.85%
Volume: 5.01M
Jan. 25, 2022 4:00p
P/E Ratio
6.94
Dividend Yield
2.16%
Market Cap
$8.86 billion
Rev. per Employee
N/A
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