Canada’s main stock index sustained a sharp drop on Friday. The TSX’s declines were led by energy and mining sectors, while fears of global monetary policy tightening weighed on investor’s ambitions to make any big moves. Only the tech sector saw any green by market close.

Wall Street posted a losing week as a rally that carried the broader market in recent months had run its course.

TSX19,418.23-162.67TSX
TSXV598.74-2.13TSXV
CSE159.59-2.59TSXV
DJIA33,727.43-219.28DJIA
NASDAQ13,492.52-138.09NASDAQ
S&P 5004,355.14-26.75S&P 500

The Canadian dollar traded for 75.79 cents US, compared to 76.01 cents US on Thursday.

US crude futures traded $0.23 lower at $69.28 a barrel, and the Brent contract lost $0.13 to $74.01 a barrel.

The price of gold was up US$5.63 to US$ 1,920.16.

In world markets, the Nikkei was down 483.34 points to 32,781.54, the Hang Seng was down 328.38 points to 18,889.97, the FTSE was down 42.18 points to 7,459.85, and the DAX was down 158.22 points to 15,829.94.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, click here.

More From The Market Online

Silver One just raised C$5.9M: Why its stock could be a winner

Silver One Resources (TSXV:SVE), a microcap silver stock, closes an oversubscribed financing for a little more than C$5.9 million.

Buzz on the Bullboards: From innovating traffic enforcement to cancer breakthroughs

The past week on the TSX has been one for the books, with significant gains driven largely by advancements in the technology sector.

This AI stock is disrupting the event tickets monopoly

The global event tickets market will approach US$100 billion by 2030 but remains in need of disruptors to dethrone high-fee market leaders.