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Canada's Stock Index Drops 300 Points as Loonie Plummets

2/3/2025

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Summary

Story summary

Canada's main stock index declined by nearly 300 points, closing at 25,241.76, as the loonie hit a 20-year low.
The S&P/TSX composite index struggled due to losses in industrials and financials.
U.S. markets showed slight recovery following Mexico's tariff reprieve.
The Canadian dollar was valued at 68.48 cents US.

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Story summary

Canada's main stock index declined by nearly 300 points, closing at 25,241.76, as the loonie hit a 20-year low.
The S&P/TSX composite index struggled due to losses in industrials and financials.
U.S. markets showed slight recovery following Mexico's tariff reprieve.
The Canadian dollar was valued at 68.48 cents US.