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CANADA STOCKS-TSX slumps as Fed points to faster pace of hikes in 2017
December 14, 2016 / 9:08 PM / 9 months ago

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

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)

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