The Bay Street Financial District is shown with the Canadian flag in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette
TORONTO – Canada’s main stock index lost more than two per cent on Tuesday on a broad-based decline, following U.S. markets as they slid on news that inflation in January was hotter than expected.
The S&P/TSX composite index closed down 482.33 points at 20,584.97.
In New York, the Dow Jones industrial average was down 524.63 points at 38,272.75.The S&P 500 index was down 68.67 points at 4,953.17, while the Nasdaq composite was down 286.95 points at 15,655.60.
The Canadian dollar traded for 73.77 cents UScompared with 74.35 cents US on Monday.
The March crude oil contract was up 95 cents at US$77.87 per barrel and the March natural gas contract was down eight cents at US$1.69 per mmBTU.
The April gold contract was down US$25.80 at US$2,007.20 an ounce and the March copper contract was down a cent at US$3.71 a pound.
This report by The Canadian Press was first published Feb. 13, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
