S&P/TSX composite ends down 1.2 per cent, U.S. stock markets also end lower

TORONTO –

Canada’s most important inventory index closed down virtually 1.2 per cent Monday as oil costs dropped whereas U.S. markets have been down much more as indicators of heightened business exercise renewed fears concerning the rate of interest hike path forward.

The S&P/TSX composite index closed down 243.40 factors at 20,242.26 as each vitality and data know-how shares weighed.

In New York, the Dow Jones industrial common was down 482.78 factors at 33,947.10. The S&P 500 index was down 72.86 factors at 3,998.84, whereas the Nasdaq composite was down 221.56 factors at 11,239.94.

The Canadian greenback traded for 73.90 cents US in contrast with 74.25 cents US on Friday.

The January crude oil contract was down US$3.05 at US$76.93 per barrel and the January pure gasoline contract was down 70 cents at US$5.58 per mmBTU.

The February gold contract was down US$28.30 at US$1,781.30 an oz. and the March copper contract was down six cents at US$3.80 a pound.

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