The TSX energy and materials subgroups were the most influential downside contributors, with all other subgroups gaining.
“I for one have been right out there now for one year now saying they’re lying on their numbers when they say they can hit five per cent growth. Now we see that’s not even close to being a target for them any longer and you’re seeing the impact, be it the copper [or] the oil,” Epstein said. “We think the selloff that we've seen there is more temporary and that supplies are going to continue to be tight and that's not going to change,” Wren said in an interview Monday.
Liz Miller, president at Summit Place Financial Advisors, said investors should also take advantage of lower oil prices by buying companies in the cruise line industry.Liz Miller, president at Summit Place Financial Advisors, joins BNN Bloomberg and discusses her market outlook as China's economic data drags stocks . Miller says that even as markets struggle, the latest inflation data out of the U.S. and lower oil prices suggest the bottom of this cycle could be near.