Fed Rate Decision Sparks Selloff
This is a Canada news story, published by financialpost, that relates primarily to Robert McLister’s news.
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worse Fed decision dayfinancialpost
•Posthaste: So long Santa rally — how the market's Fed freakout is playing out in Canada
73% Informative
The selloff stripped almost 3 per cent off the S&P 500, the Dow Jones Industrial Average plunged more than 1,100 points.
The last time markets saw a worse Fed decision day was on Sept. 17, 2001 .
The shockwaves crossed the border, with the TSX falling more than two per cent.
The gap between the Bank of Canada rate and the Fed ’s, a major influence on the loonie, has widened.
Robert McLister’s Financial Post column can help navigate the complex mortgage sector.
Check his mortgage rate page for Canada 's lowest national mortgage rates, updated daily .
Visit the Financial Post's YouTube channel for interviews with Canada 's leading experts in business, economics, housing, energy sector and more.
VR Score
78
Informative language
79
Neutral language
47
Article tone
formal
Language
English
Language complexity
41
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Attention-grabbing headline
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Time-value
short-lived
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16
Source diversity
9