There’s too much oil, China is slowing down and the market is sweating it out. Toronto closed down 329 points, up from the worst lows of the day of 455. The Canadian dollar declined 0.14 of a cent to 87.33 cents (U.S).Oil prices retreated in the wake of data showing that China’s exports rose by a weaker-than-expected 4.7 per cent, down from October’s 10.6 per cent. Imports were forecast to post a small increase but instead contracted by 6.7 per cent from a year earlier.
