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Updated Mon. Oct. 6 2008 4:32 PM ET CTV.ca News Staff The Toronto stock market closed down nearly 573 points Monday, after getting battered and bruised in early-day trading. At one point, the S&P/TSX composite index was down almost 1,200 points. But by the end of the day, it finished at 10,230.43, a loss of 572.92 points. "This is triggered by what has become very apparent -- that there is a credit crisis everywhere in the world," Sherry Cooper of BMO Capital Markets told CTV Newsnet. "Banks in virtually every country are at risk of failure and there is little money being loaned to banks, between banks, from banks to households or to businesses." The worldwide downturn has also led to a drop in commodity prices, a significant contributor to the health of Canadian markets. "Canada is really an economy that depends on exports... [read full story]
