December 15th, 2024

S&P/TSX composite down almost 170 points in broad-based decline

By The Canadian Press on May 31, 2023.

The S&P TSX composite index screen at the TMX Market Centre in downtown Toronto is seen Friday, Nov. 11, 2022. THE CANADIAN PRESS/Tijana Martin

TORONTO – Canada’s main stock index was down almost 170 points Wednesdayin a broad-based decline led by losses in energy and base metals, while U.S. markets also moved lower.

The S&P/TSX composite index was down 167.46 points at 19,572.24.

In New York, the Dow Jones industrial average was down 134.51 points at 32,908.27.The S&P 500 index was down 25.69 points at 4,179.83, while the Nasdaq composite was down 82.14 points at 12,935.29.

The Canadian dollar traded for 73.51 cents UScompared with 73.54 cents US on Tuesday.

The July crude oil contract was down US$1.37 at US$68.09 per barrel and the July natural gas contract was down six cents at US$2.27 per mmBTU.

The August gold contract was up US$5 at US$1,982 an ounce and the July copper contract was down three cents at US$3.64 a pound.

This report by The Canadian Press was first published May 31, 2023.

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

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