TORONTO - The Toronto stock market posted a solid loss that pushed the main index into correction territory amid rising fears that Greece will have to default on its debt.
The S&P/TSX composite index fell 118.9 points to 12,853.13, down 10.3 per cent from the market's recent high in early March.
The Canadian dollar fell 0.44 of a cent to 101.71 cents US.
Traders sought the safety of the U.S. dollar as the Greek government tries to pass critical austerity measures that creditors have demanded in return for continued funding.
Oil rose 14 cents to US$94.95 a barrel.
Data showing fewer people applying for jobless insurance last week helped take the Dow Jones industrial average ahead 64.25 points to 11,961.52.
The Nasdaq composite index dropped 7.76 points to 2,623.7 while the S&P 500 index added 2.22 points to 1,267.65.
