CANADA STOCKS-TSX slumps as Fed points to faster pace of hikes in 2017

Wed Dec 14, 2016 4:05pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO Dec 14 (Reuters) - Canada's main stock index slumped 1.2 percent on Wednesday, hitting a one-week low, in a broad retreat led by gold miners and energy stocks after the U.S. Federal Reserve hiked rates as expected and pointed to a faster pace of increases in 2017.

The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 188.09 points, or 1.22 percent, at 15,197.18. That was its sharpest one-day fall since Nov. 11. (Reporting by Alastair Sharp)