Markets slide on Greek debt woes [View All]

[ZeitgeistObserver]

Stocks fell sharply around the world Tuesday as fears spread that Europe's attempt to contain Greece's debt crisis would fail. The euro fell to its lowest point against the U.S. dollar in a year.

The S&P/TSX composite index dropped 165.65 points to 12,030.86.

Commodity stocks led the broad-based decline in Toronto as investors sought the safety of the U.S. dollar, which in turn drove other currencies lower and depressed prices for oil and metals.

The Canadian dollar tumbled 1.39 cents to a five-week low of 97.56 cents (U.S.), while oil fell $3.45 to $82.74 a barrel.

http://www.theglobeandmail.com/globe-investor/markets-slide-on-greek-debt-woes/article1556662/