Canada’s main stock index closed nearly 300 points lower in Thursday trading as the financial, energy, and base metal sectors led the way lower. The health care, utilities, and industrials moved higher.
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Depressing earnings from big U.S. banks reinforced concerns about a steep economic downturn caused by aggressive monetary policy tightening, pushed markets south of the border to close lower.
Today in the Markets
| TSX | 18,329.06 | -286.13 |  |
| TSXV | 586.08 | -9.52 | |
| CSE | 274.92 | +10.10 |  |
| DJIA | 30,630.72 | -142.62 | |
| NASDAQ | 11,251.19 | +3.60 | |
| S&P 500 | 3,790.38 | -11.40 | |
The Canadian dollar traded for 76.29 cents US compared to 77.07 cents US on Wednesday.
US crude futures traded 0.15 per cent higher at $96.44 a barrel, while the Brent contract gained 0.26 per cent to $99.83 a barrel.
The price of gold was down US$20.72 US to $1,710.34.
In world markets, the Nikkei was up 164.62 points to 26,643.39, the Hang Seng was down 46.74 points to 20,751.21, the FTSE was down 116.56 points to 7,039.81, and the DAX was down 236.66 points to 12,519.66.
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