Markets down after announcement to raise debt limit
Posted Aug 2, 2011 2:42 pm.
This article is more than 5 years old.
Despite the U.S. government passing the bill to raise the debt limit, the markets are still on a downward trend.
The TSX composite fell 193 points to 12,752, down nearly 1.5 per cent.
The Dow slipped more than two per cent, down 265 points to 11,866.
Oil fell $1.10 to $93.79 per barrel, while the Canadian dollar is down more than half a cent, settling at 104.14 cents U.S.
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