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TSX composite index takes massive drop of 1,660 points

BY , Mar 9, 2020 10:21 PM - REPORT AN ERROR

A television screen headlines news as traders prepare for the day's activity on the floor of the New York Stock Exchange, Monday, March 9, 2020. Trading in Wall Street futures has been halted after they fell by more than the daily limit of 5%. (AP Photo/Richard Drew)

Canada's main stock index has closed down 10.3 per cent to its lowest level in 14 months as a collapse in oil prices triggers a plunge.

The TSX composite index lost 1,660 points to close at 14,514.

In New York, the Dow Jones industrial average was down two thousand points or 7.7 per cent at 23,864.

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