Valeant Piles on the Misery as Canadian Stocks Eye 2013 Lows
- Oil to financials drag on developed world's third-worst market
- `Nothing on the horizon that will paint a brighter picture'
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Canada is the orphan equity market nobody wants.
Hammered by the commodity meltdown all year, shares of some of its biggest corporate icons are now also sliding, driving the benchmark Standard & Poor’s/TSX Composite Index toward its lowest level in two years. On Friday, the resource-heavy index capped its longest losing streak in more than a decade, worse than any stretch during the 2008 financial crisis.