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Monday, March 3rd, 2008
The Toronto stock market was slammed with its biggest single-day loss since the tech bubble burst seven years ago as nervous investors worried that the Canadian economy will feel the ripple effects of a looming recession in the United States.The 605-point drop – 4.75 per cent of the market – trimmed more than $90 billion in value from the TSX. That’s on top of a 6.6 per cent dive last week that had already wiped out all of the market’s gains for 2007. (AOL CA)
