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.

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.

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