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Canada Stocks Close Down More Than 155 Pts Today, Following 2.2% DJIA Drop

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Canada's main stock market, the Toronto Stock Exchange, closed down 155.25 points or 1.1%, to an 18-month low in a shortened trading day ahead of a two-day Christmas break

The drop came on a weaker performance by energy, financial and industrial shares and follows on a drop of more than 2.2% by the Dow Jones Industrial Average to the lowest since April, 2017.

The drop came on continuing concerns over global growth in 2019, with the U.S. continuing a trade war with China and Brexit looming. Those growth fears have pushed many commodities to multi-month lows, though gold has benefited as investors seek a safe haven. February gold closed up 1.1% to $1,2171.80, the highest in six months.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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