TSX dives over 1 percent as China devaluation hits resource shares
By Solarina Ho TORONTO (Reuters) - Canada's resource-laden main stock index sank more than 1 percent on Tuesday, reversing the previous session's bounce, as oil and mining stocks were hit by a rout in commodity prices following China's unexpected move to devalue its currency. The People's Bank of China devalued the yuan by nearly 2 percent overnight in China's latest attempt to bolster its economy following a string of poor economic data. Prices for copper and U.S. crude
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