Markets Tumble on Economic Concerns

In the steepest drop in more than two years, the S&P/TSX Index lost over 400 points, hitting 12, 409.73 in Thursday’s late morning trading. Mounting concerns over the status of the US and the European economies have scared investors away from the stock markets.

Gold slipped from its high of of $1,683.30 to a low of $1,639.30, while oil plunged 4.8 percent to $87.55 per barrel.

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