Canada’s main stocks index slid more than 1 per cent on Tuesday, following up a bigger market selloff as global recession worries came to the forefront, while energy stocks dipped along with oil prices in early trading. It was a mixed bag on the markets. All of the major North American stock exchanges and indexes were down, except for the Nasdaq, S&P 500, and CSE, which inched up 1.75 points, 6.06 points, and 3.65 points respectively in late day rallies.
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Energy stocks tumbled about 6 per cent tracking sharp losses in crude prices as concerns regarding a possible global recession outweighed supply disruption fear, highlighted by expected production cuts in Norway.
Today in the Markets
| TSX | 18,834.16 | – 194.70 |
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| TSXV | 615.94 | -7.29 |
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| CSE | 265.95 | +9.36 |
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| DJIA | 30,967.82 | -129.44 |
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| NASDAQ | 11,322.24 | +194.39 |
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| S&P 500 | 3,831.39 | +6.06 |
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The Canadian dollar traded for 76.57 cents U.S. today, compared with U.S. 77.79 cents on Friday.
US crude futures traded 9.38 per cent lower at $98.26 a barrel, while the Brent contract lost 11.78 per cent to $101.70 a barrel.
The price of gold was down $36.00 to $1,765.50, or about two per cent.
In world markets, the Nikkei was up 269.66 points to 26,423.47, the Hang Seng was up 22.72 points to 21,853.07, the FTSE was down 180.90 points to 7,051.41, and the DAX was down 372.18 points to 12,494.20.
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