Canadian stocks plunge

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Toronto, March 23 (IANS) Canada’s main stock market in Toronto tumbled as the Liberal government rolled out its maiden federal budget, complicated with negative news of blasts in Brussels, Belgium and the death of former Toronto Mayor Rob Ford.

The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite Index lost 67.60 points, or 0.50 percent, to close at 13, 493.49 points on Tuesday, Xinhua news agency reported.

Five of the TSX index’s eight main sub-sectors were lower.

The Canadian dollar traded higher at $0.7672 on Tuesday, compared with Monday’s closing rate of $0.7642.

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