TSX Down 35 Points on Broad Decline; Miners The Sole Gainer
The TSX is down 35 points this morning with all sectors bar miners (+0.16%) in the red. The biggest decliners are healthcare/cannabis stocks, which has shed 0.75%, followed by the utilities sector, down 0.40%.
The energy sector has dipped 0.20% but crude oil is up 3.8% to US$54.03, a five-week high.
China's Q4 GDP grew 6.4%, down from Q3's 6.5%, the country's National Bureau of Statistics said on Monday. That dragged full-year growth down to 6.6%, the slowest annual pace since 1990.
Furthermore, the IMF on Monday cut its world economic growth forecasts for 2019 and 2020 due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy. The Fund also cited the economic slowdown in China and a possible "No Deal Brexit as risks.
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