TORONTO — Canada’s main stock index moved lower on Friday, as companies and organizations around the world grappled with outages stemming from a faulty CrowdStrike software update, while U.S. stock markets also fell.
TORONTO — Canada’s main stock index moved lower on Friday, as companies and organizations around the world grappled with outages stemming from a faulty CrowdStrike software update, while U.S. stock markets also fell.
Friday saw a continuation of the downward moves over the past few days on Wall St., said Ian Chong, portfolio manager for First Avenue Investment Counsel Inc.
The global IT outage likely contributed to the downward pressure on markets, he added.
A major outage stemming from a faulty update sent by cybersecurity firm CrowdStrike to Microsoft Windows computers disrupted flights, banks and more around the world.
CrowdStrike’s stock dropped 11.1 per cent Friday.
The S&P/TSX composite index…
