Pedestrians walk past Scotia Plaza in the financial district in Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler
TORONTO – Canada’s main stock index fell almost 300 points Tuesday, dragged down by losses in the energy sector as well as financials and base metals on the heels of new data showing inflation ticked higher in April, while U.S. stock markets also moved lower.
The S&P/TSX composite index was down 297.90 points at 20,242.07.
In New York, the Dow Jones industrial average was down 336.46 points at 33,014.14. The S&P 500 index was down 26.38 points at 4,109.90, while the Nasdaq composite was down 22.16 points at 12,343.05.
The Canadian dollar traded for 74.32 cents UScompared with 74.15 cents US on Monday.
The June crude oil contract was down 25 cents at US$70.86 per barreland the June natural gas contract was up less than a penny at US$2.38 per mmBTU.
The June gold contract was down US$29.70 at US$1,993.00 an ounce and the July copper contract was down eight cents at US$3.67 a pound.
This report by The Canadian Press was first published May 16, 2023.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
