Canada market regulator alters single stock circuit breakers

Wed Nov 9, 2016 12:23am EST
 
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TORONTO (Reuters) - Canada's main financial markets regulator said in a notice on Tuesday it would temporarily modify its single-stock circuit breaker trigger levels given the potential for increased volatility on Wednesday.

Republican Donald Trump scored a series of shocking wins in battleground U.S. states, most importantly Florida and Ohio, on Tuesday, rattling world markets that had counted on a win in the presidential election by Democrat Hillary Clinton.

The regulator said qualifying securities could experience price changes of at least 20 percent and 40 trading increments in a five-minute period through the first six hours of the trading day. Securities are normally restricted to a 10 percent move for most of the trading day.

(Reporting by Jeffrey Hodgson; Editing by Leslie Adler)

 
A man walks past an old Toronto Stock Exchange (TSX) sign in Toronto, June 23, 2014. REUTERS/Mark Blinch