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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 +0.81% 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.

XX : Canada: Toronto
+2.75 +0.81%
Volume: 52.93M
March 22, 2023 4:48p
CA : Canada: Toronto
$ 5.75
+0.07 +1.23%
Volume: 4.39M
March 22, 2023 4:00p
P/E Ratio
Dividend Yield
Market Cap
$7.13 billion
Rev. per Employee

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