TSX Tapped Out
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TSX Tapped Out

After rising 262 points (3.1%) yesterday on the Federal Reserve’s decision to slash interest rates, the TSX has been shut down all morning and afternoon. What was supposed to be a small glitch has turned into a major blackout and no one seems to know why. Luc Bertrand, Deputy CEO of TMX Group (which runs the TSX) appeared on BNN at 1 p.m., three and a half hours after the market was supposed to open, and he deflected any direct questions about the cause. Sadly, it appeared as though even he may not know the root of the problem. With markets expected to be shut all day, it looks like Canadians are going to have to get used to the forced closure of yet another national institution.