The Toronto Stock Exchange just had its worst day since 1940. Yes, that’s 80 years

Canadian stocks suffered one of their worst days in decades on Thursday, plunging by more than 12 per cent amid a steady stream of negative headlines connected to the new coronavirus.

The S&P/TSX Composite Index fell by 12.34 per cent, or more than 1,760 points, as the chief benchmark for Canadian stocks finished at an approximately four-year low of 12,508.45.

It was one of the steepest falls on record for the S&P/TSX index. The benchmark’s one-day drop was bigger than any it experienced during the global financial crisis a decade ago, and greater than the 11-plus per cent it tumbled during the Black Monday stock-market crash of Oct. 19, 1987. According to data compiled by Bloomberg, it was the biggest one-day decline since May 1940.

Thursday’s wipeout also came just two days after Monday’s almost 10.3 per cent loss for the S&P/TSX, which had at that point been the index’s

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Stocks crash as pandemic panic sweeps markets By Reuters

© Reuters. People are seen on a pedestrian overpass with an electronic board showing the Dow Jones and S&P 500 indexes, following an outbreak of the novel coronavirus in the country, at Lujiazui financial district in Shanghai

By Tom Westbrook

SINGAPORE (Reuters) – Global stock markets crashed on Friday, ending a years-long bull run, with coronavirus panic selling hitting almost every asset class and leaving investors nowhere to hide.

Half a trillion dollars in liquidity from the U.S. Federal Reserve and the promise of more were not enough to calm the fear that has wiped some $14 trillion from world stocks in a month.

On Friday, Japanese stocks were in freefall and markets from Seoul to Jakarta punched through downlimit circuit breakers.

The Nikkei () dropped as far as 10% and is heading for its worst week since the 2008 financial crisis. Not one stock on the index is in

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