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S&P/TSX Composite Down More than 400 Points, U.S. Stock Markets Also Lower
The benchmark index lost 347.61 points as oil and gold prices fell and U.S. markets finished mixed, traders said.
- Canada's main stock index, the TSX, fell 347.61 points to 35,828.94 on Thursday, extending losses that had exceeded 300 points in late-morning trading.
- Markets in TORONTO faced downward pressure earlier on Monday when the index fell nearly 250 points, establishing a pattern of weakness ahead of Thursday's decline.
- While TORONTO struggled, U.S. markets showed divergent performance; the Nasdaq composite climbed 375.37 points to 26,515.41, while the Dow Jones in New York fell 56.80 points to 51,945.61.
- Commodity prices declined sharply; the December gold contract dropped US$21 to US$4,160.10 an ounce, while crude oil fell 48 cents to US$98.54 per barrel.
- The Canadian dollar traded at 70.93 cents US, up from 70.65 cents US on Friday, reflecting modest currency strength amid broader market volatility.
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The Toronto Stock Exchange closed Monday's session with a loss of 0.69%, due to widespread declines, while the major U.S. indices ended in dispersed order.
·Montreal, Canada
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Total News Sources15
Leaning Left7Leaning Right0Center6Last UpdatedBias Distribution54% Left
Bias Distribution
- 54% of the sources lean Left
54% Left
L 54%
C 46%
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