The Globe and Mail reports in its Tuesday edition that S&P/TSX composite index tumbled 490 points intraday Monday, before settling at 14,144.17, down 329.5 points on the day. The Globe's David Berman writes that investors are pondering where oil is ultimately headed and what the repercussions will be. The painful downturn in the Canadian market has persisted for more than two weeks. The price of oil has retreated to five-year lows. As well, the Canadian dollar fell to another five-year low of 87.10 U.S. cents, offering another signal that investors are growing increasingly pessimistic about all things Canada. The Globe says anyone who has avoided energy stocks has been spared some of the sharpest dips in the stock market, but the sell-off is now spreading beyond the oil patch. Canada's Big Banks, widely perceived as profit-growing and dividend-raising machines, were hit during Monday's market rout. Shares in Toronto-Dominion Bank and Bank of Nova Scotia tumbled $1.53 (Canadian) and $1.13 (Canadian) to close in Toronto at $52.72 (Canadian) and $65.07 (Canadian). Analysts have been growing more cautious of the banks because of slowing earnings growth and high debt levels among Canadian homeowners.