November 13th, 2024

S&P/TSX composite falls more than 300 points, U.S. markets also down

By The Canadian Press on November 9, 2022.

A red light on Bay Street in Canada's financial district is shown in Toronto on Wednesday, March 18, 2020. THE CANADIAN PRESS/Nathan Denette

TORONTO – Canada’s main stock index was down more than 300 points Wednesday with losses of more than four per cent in energy while most other sectors were also down, and U.S. markets also fell.

The S&P/TSX composite index was down 316.06 points at 19,344.25.

In New York, the Dow Jones industrial average was down 646.89 points at 32,513.94. The S&P 500 index was down 79.54 points at 3,748.57, while the Nasdaq composite was down 263.03 points at 10,353.18.

The Canadian dollar traded for 74.18 cents US compared with 74.40 cents US on Tuesday.

The December crude oil contract was down US$3.08 at US$85.83 per barreland the December natural gas contract was down 27 cents at US$5.87 per mmBTU.

The December gold contract was down US$2.30 cents at US$1,713.70 an ounceand the December copper contract was up two cents at US$3.70 a pound.

This report by The Canadian Press was first published Nov. 9, 2022.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

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