News of a new COVID-19 variant has sent stock prices down.
The discovery of a new COVID-19 variant in South Africa has caused a sharp fall for stock markets.
By mid-day, the Toronto market was down by about 500 points, and the Dow Jones industrial average had decreased by over 1,000 points.
Oil prices have plunged by more than 10 percent, and the dollar is down almost a full cent from yesterday's average.
The World Health Organization is calling the new variant Omicron, and says it has a large number of mutations.
The European Union is banning flights from southern Africa, and the federal Conservatives and the premiers of Alberta and Ontario are urging the Trudeau government to take similar action.
One Driver Arrested of Two Hit and Runs
Unifor and GM reach tentative contract agreement
Marineland ships another three belugas to San Diego
PM Carney says Canada will Meet U.S tariffs “Dollar for Dollar”
Province Investing in Niagara Businesses
Stolen Bikes/ATV Suspects Arrested
Mayor Frustrated at 'Bureaucratic Process'
WSIB Offices Closing, Including St. Catharines