Toronto stock market falls more than 400 points in early trading

TORONTO – The Toronto Stock Exchange plunged in early trading Monday, part of a global downturn affecting markets around the world.

The benchmark index for Canada’s largest stock market dropped by more than 700 points at one point shortly after the open but recovered slightly later in the morning.

The S&P/TSX index was down about 420 points at 13,053.92 after about 15 minutes of trading, representing a three per cent drop.

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