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S&P/TSX composite down more than 200 points, U.S. stock markets also tumble

Written by on September 20, 2022

TORONTO — Canada’s main stock index was down more than 200 points in late-morning trading in a broad-based decline led by losses in the heavyweight financial, energy and base metal sectors, while U.S. stock markets also fell.

The S&P/TSX composite index was down 235.16 points at 19,327.22.

In New York, the Dow Jones industrial average was down 327.13 points at 30,692.55. The S&P 500 index was down 38.01 points at 3,861.88, while the Nasdaq composite was down 57.66 points at 11,477.36.

The Canadian dollar traded for 74.95 cents US compared with 75.26 cents US on Monday.

The November crude contract was down US$1.33 at US$84.03 per barrel and the October natural gas contract was up six cents at US$7.81 per mmBTU.

The December gold contract was down US$3.60 at US$1,674.60 an ounce and the December copper contract was down less than a penny at US$3.51 a pound.

This report by The Canadian Press was first published Sept. 20, 2022.

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

The Canadian Press