On the last day before the Canada Day long weekend, the TSX finished lower by triple digits in broad-based decline as commodity prices fell. Energy and base metals led decliners, while near 20 per cent drop in Canopy Growth dragged the healthcare sector lower.
South of the border, U.S. stocks also fell, putting the S&P 500 on track its worst first half since 1970.
Concerns that central bank efforts to tame inflation will stifle global economic growth and surging prices have rippled through markets. Recession worries have taken centre stage as monetary policymakers around the world look to raise borrowing costs.
Today in the Markets
| TSX | 18,861.38 | -217.28 |
 |
| TSXV | 617.26 | -9.08 |
|
| CSE | 258.29 | -5.66 |
|
| DJIA | 30,755.43 | -253.88 |
|
| NASDAQ | 11,028.74 | -149.16 |
|
| S&P 500 | 3,785.38 | -33.45 |
|
The Canadian dollar traded for 77.69 cents US compared to 77.55 cents US on Wednesday.
US crude futures traded 2.23 per cent higher at $110.66 a barrel, while the Brent contract lost 1.25 per cent to $114.40 a barrel.
The price of gold was down US$12.29 US to $1,806.77.
In world markets, the Nikkei was down 411.56 points to 26,393.04 the Hang Seng was down 137.10 points to 21,859.79, the FTSE was down 143.04 points to 7,169.28, and the DAX was down 219.58 points to 12,783.77.
Get @ the Bell delivered to your email inbox every day!
DISCLAIMER: By viewing any material on or distributed by The Market Herald Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.
Any holdings, theories, speculation or trades appearing anywhere on The Market Herald network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to The Market Herald or employees of The Market Herald may from time to time have positions in the stocks or other entities mentioned anywhere on The Market Herald Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. The Market Herald and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by The Market Herald and other Information Providers on an “as is” basis, and The Market Herald and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall The Market Herald and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.
