TSX Plunges 12% In 2015 -- Canadian Commentary

(RTTNews) - Canadian stocks finished a terrible year in characteristic fashion Thursday, with weakness in most sectors dragging Toronto's main index to another triple-digit decline.

Energy stocks steadied after plunging in recent days, but significant weakness emerged among financials, consumer staples and tech stocks.

The S&P/TSX Composite Index dropped 132 points, or 1.01 percent, to 13,009.95-- near its lowest in two years. The index plummeted about 12 percent for the year.

However, CIBC is forecasting the S&P/TSX composite index to gain five percent in 2016.

Telus Corp. (T.TO) will pay over $7-million in customer rebates for misleading ads. The stock was down 1.7 percent.

Bombardier Commercial Aircraft (BBD_B.TO, BBD_A.TO) announced that China Express Airlines has placed a firm order for 10 CRJ900 regional jets. The order is valued at approximately $462.6 million. Shares slipped 3.1 percent.

An Air Canada (AC.TO) passenger plane was forced to make an emergency landing near Calgary after encountering severe turbulence causing injuries to 21 people on board.

Markets are closed Friday for New Years.