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

TORONTO –

Canada’s most important inventory index was down greater than 100 factors in late-morning buying and selling, as losses within the base steel, vitality and industrial sectors helped paved the way decrease, whereas U.S. inventory markets additionally dropped.

The S&P/TSX composite index was down 135.64 factors at 20,541.10.

In New York, the Dow Jones industrial common was down 68.45 factors at 33,806.95. The S&P 500 index was down 28.47 factors at 4,108.57, whereas the Nasdaq composite was down 103.77 factors at 11,933.43.

The Canadian greenback traded for 73.47 cents US in contrast with 73.84 cents US on Monday.

The June crude contract was down US$1.94 at US$76.82 per barrel and the June pure gasoline contract was down 5 cents at US$2.42 per mmBTU.

The June gold contract was down US$3.20 at US$1,996.60 an oz and the July copper contract was down 10 cents at US$3.87 a pound.

This report by The Canadian Press was first printed April 25, 2023