CANADA STOCKS-TSX slumps as Fed points to faster pace of hikes in 2017

Dec 14 Canada’s main stock index
slumped 1.2 percent on Wednesday, hitting a one-week low, in a
broad retreat led by gold miners and energy stocks after the
U.S. Federal Reserve hiked rates as expected and pointed to a
faster pace of increases in 2017.

The Toronto Stock Exchange’s S&P/TSX composite index
unofficially closed down 188.09 points, or 1.22
percent, at 15,197.18. That was its sharpest one-day fall since
Nov. 11.

(Reporting by Alastair Sharp)

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