RE:RE:RE:RE:UK to Switch Off Coal Power by 2025The S&P/TSX Composite index (INDEXTSI:OSPTX) opened slightly higher from Wednesdays close on Thursday after the European Central Bank announced an interest rate cut and an extension of its stimulus program. The mornings gain of 0.25 percent was short lived, however, as the index then slipped a further 6.53 points to 13,457.29 points. On Wednesday, Canadian markets were in bad shape, erasing most gains made over the two previous sessions. At the start of the week, the TSX saw a 2-percent rally, the best two-day advance seen in two months. However, urged on by weakness in the resource sector, the TSX was down 172.24 points, or 1.26 percent, to end mid-week trade at 13,463.82 points. Leading the charge on Wednesdays drop was a sharp decline in oil prices, which triggered a sell off in other commodities. The Globe and Mail reported that oil prices fell to a six-year low. Indeed, benchmark crude oil ended the day $1.94 lower than it started, trading at US$39.94 a barrel. Alongside languishing oil prices, energy producers didnt fare well, falling a cumulative 3.6 percent and leading equities lower.