Quotes from the news wire:
The TSX seems to be following last year's trading pattern, when we saw a strong surge in the second half of December, while it may be too optimistic to expect a repeat of that performance, tax-loss selling pressure has abated, and we are seeing some interest in commodity producers, especially gold miners.
The question is, what does this relentless decline in crude oil tell us about the state of the global economy? The impact on oil-exporting countries such as Canada is quite substantial, it's a case where oil is breaking through one downside support level after another. At this point, it's 'sell the energy producers first and worry about the implications later'.
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