Canadian stocks are languishing deep down in negative territory Thursday afternoon with investors pressing sales almost across the board amid rising fears about a possible recession due to policy tightening by global central banks.
The benchmark S&P/TSX Composite Index, which plummeted to 10,988.92, the lowest level in over 13 months, is down 588.51 points or 3.03% at 19,023.05.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.