World Wide Stock Markets Are Falling

The Toronto Stock Market took a huge hit on Monday after the United States bailed on their proposed bailout. Stock Markets world-wide are feeling the pain.

The price of oil also dropped to below $100 a barrel. Wall Street's Dow Jones average was down as much as 705 points. The S&P/TSX composite index in Toronto was down as much as 873.91 points. Across the ocean the stocks also felt the crunch of the US congress negative vote for a bailout with London's FTSE 100 down 3.2 per cent. In Tokyo the Nikkei 225 index was down 1.3 per cent and Hong Kong's Hang Seng Index fell 2.1 per cent.