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 |
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| TSXV | 617.26 | -9.08 |
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| CSE | 258.29 | -5.66 |
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| DJIA | 30,755.43 | -253.88 |
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| NASDAQ | 11,028.74 | -149.16 |
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| S&P 500 | 3,785.38 | -33.45 |
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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.
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