How the Canadian Stock Market Fares After Monday’s Market Plunge

The Toronto Stock Exchange (TSX) started on a positive note on Aug. 7, parring some of the day’s previous losses spurred by a global sell-off, but gains were short-lived. The TSX was sightly in the red after midday, following U.S. markets closely. Investors had to sit back and watch the meltdown in global markets on Aug. 5 with the TSX being closed for a civic holiday. Playing catch-up, the index opened sharply lower on Aug. 6, but stocks rose mostly steadily throughout the day, following the global momentum. After reaching a record-high of over 23,000 points on July 31, the Canadian index fell along other markets last week following weak job data south of the border and fears of a recession....