⁍ Oil prices slumped on a surge in coronavirus cases in the U.S. and Europe.
⁍ Libya’s fast growing output also weighed on prices.
– Canada’s main stock index opened lower on Monday, as oil prices slumped on a surge in coronavirus cases in the US and Europe threatening fuel demand, while Libya’s fast growing output also weighed on prices. The Toronto Stock Exchange’s S&P/ composite index was down 107.4 points or 0.66% at 16,196.68.
Source: https://www.reuters.com/article/canada-stocks/canada-stocks-tsx-opens-lower-on-energy-weakness-as-surging-virus-cases-weigh-idUSL4N2HH38U