Dow Jones loses 552 points, TSX drops by 194

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Canada's main stock index sustained a triple-digit decline as a big drop in oil prices pushed the TSX down by 194.01 points. In New York, the Dow Jones industrial average lost 551.80 points or 2.2 per cent.

 

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All that 20% tax breaks money that was used for share buybacks is lost. Very little went to wage increases, building factories, automation, technology or improved productivity. The trillion dollar debt that goes with it will be difficult to repay now!

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