TSX slumps as oil falls below $80 and economic gloom settles in

TSX slumps as oil falls below $80 and economic gloom settles in

TSX slumps as oil falls below $80 and economic gloom settles in TSX on track for worst week in months, and lowest close since June Canada's benchmark stock index dropped heavily on Friday as prospects of a global recession cause investors to sell first and ask questions later. The S&P/TSX Composite Index was off by more than 500 points or more than three per cent to just below 18,500 in the afternoon, dragged down by a plunge in the price …