S&P/TSX composite down more than 100 points, U.S. stock markets also lower

TORONTO –

Canada’s principal inventory index was down greater than 100 factors in late-morning buying and selling, weighed down by losses within the vitality, know-how and monetary sectors, whereas U.S. inventory markets additionally fell.

The S&P/TSX composite index was down 153.85 factors at 20,331.81.

In New York, the Dow Jones industrial common was down 261.51 factors at 34,168.37. The S&P 500 index was down 42.82 factors at 4,028.88, whereas the Nasdaq composite was down 123.40 factors at 11,338.10.

The Canadian greenback traded for 73.86 cents US in contrast with 74.25 cents US on Friday.

The January crude oil contract was down six cents at US$79.92 per barrel and the January pure gasoline contract was down 48 cents at US$5.80 per mmBTU.

The February gold contract was down US$20.00 at US$1,789.60 an oz and the March copper contract was down two cents at US$3.83 a pound.

This report by The Canadian Press was first printed Dec. 5, 2022