Economic analysis

Google graph too small to show S&P/TSX tumble this morning

The Canadian stock market took such a dive this morning it went–literally–through the bottom of a Google Graph of the S&P/TSX Composite, the Canuck benchmark index (see this screenshot we took at 10.14 AM). The drop was largely attributed to Standard and Poor’s downgrading of the US’s long-term creditworthiness from AAA to AA plus on Friday.  The S&P/TSX Composite tumbled over 3 per cent in early morning trading before rebounding slightly.