The S&P/TSX Capped Energy Index has fallen to levels not seen since the immediate aftermath of the 2008 global financial crisis. On February 23 2009, the index dropped to lowly 174.62 (from a June, 2008 high of 466).
Today, the index plummeted to a new low at 179.92.
The S&P/TSX Capped Energy Index provides liquid and tradeable benchmarks for related derivative products of the Canadian energy indsutry. Constituents are selected from a stock pool of S&P/TSX Composite Index stocks, and the relative weight of any single index constituent is capped at 25%. The indices are based upon the Global Industry Classification Standards. There are 52 total constituents with a combined market capitalization of 208 billion dollars.