Your one-sentence market update: afternoon
With an hour left in trading, the TSX is down more than 666 points and the dollar has lost nearly five cents today against its American counterpart . . . oh, and oil is selling for less than $80 a barrel — it's down, down and down!
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Loonie takes steepest one-day dive ever
The loonie posted its biggest one-day decline on record Friday, falling almost five cents against the American dollar amid tremendous financial upheaval around the world.
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Banks move to trim prime rate
Canada’s big banks are passing on more rate cuts to consumers after credit markets freed up Friday in the wake of federal government help for the mortgage industry.
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