Markets

TSX at 2pm: Toronto Stock Market in Triple Digit Slump Amid Euro Worries

Canada's main stock market was off sharply in afternoon trading as investors took in news that Spain may need a full-scale bailout.

The S&P TSX Composite Index was down 122 points, about 1%, at 11,501 after falling as low as 11,416 earlier.

Nearly all of the TSX's sub-sectors were in negative territory with materials and information technology both dropping about 2%.

Nexen Inc. (NXY.TO), the day's most actively traded share, jumped more than 50% after China National Offshore Oil Company made a bid to purchase the Calgary oil and gas producer for $15 billion.

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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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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