Tayyip: Debt Levels and P Tsx

tayyip: The instability in the lira, which is now down about 41 per cent this year, has increased concerns over Turkey's high debt levels and President Recep Tayyip Erdogan's moves to consolidate power, according to The Toronto Star. The Toronto Stock Exchange's S&P/TSX composite index was down 102.64 points at 16,314.34 after roughly 90 minutes of trading on Friday. Turkey's currency plunged after the U.S. said it would impose further tariffs on the country as part of a political dispute. Most sectors including materials, energy and health care were down, but gold was up slightly. It's hard to dismiss any risk these days given valuations. Rene Johnston / Toronto Star file photo Markets reacted cautiously to the potential disruptions, said Patrick Blais, senior portfolio manager at Manulife Asset Management. (news.financializer.com). As reported in the news.