Canada’s TSX Index Tumbles Sharply, Plunging Over 800 Points Midday
TORONTO, ON – The S&P/TSX Composite Index (OSPTX), Canada’s benchmark stock market index, experienced a significant downturn during the North American trading session on Wednesday, April 10th. The index saw substantial losses, reflecting broad selling pressure in the Canadian market.
As of 12:37:16 PM UTC-4 (Eastern Time), the S&P/TSX Composite Index stood at 22,913.62. This represents a steep decline of 813.41 points, equating to a 3.43% loss for the day, according to index data.
This sharp drop places the main Canadian index significantly below its previous closing value of 23,727.03. The intraday chart clearly illustrates a consistent downward trend throughout the morning session, hitting a low point around 12:30 PM ET before seeing a minor uptick.
The substantial decline in Canada’s primary stock index indicates widespread negative sentiment among investors participating in the Toronto Stock Exchange during Wednesday’s trading activity. Market watchers are closely monitoring the situation as the index faces considerable headwinds.
