Commodity selloff slams TSX

THE ASSOCIATED PRESS AND REUTERS Traders react to developments at markets around the world today in this composite image. The TSX’s main index has crossed below the 9,000-point mark in intra-day trading for the first time since mid-January 2005, with a 610-point slide. Trading faces The facial expressions of traders around the world tell the story of the past weeks on the stock market. Have a look at our Malcolm Morrison THE CANADIAN PRESS Big selloffs in energy and metals stocks were mainly responsible for a slide of about 600 points on the Toronto Stock Exchange in early afternoon trading, taking it below the 9,000-point level for the first time since January 2005. Financial stocks also moved lower even as the government announced help for Canada's big banks. The S&P/TSX composite index plunged 741.98 points to 8,858.2... [read full story]