Canada’s main stock index lost nearly 200 points by Tuesday’s close as the telecommunications and utility sectors helped lead the TSX lower for a fifth straight session, officially into correction, down 10 per cent on the year. Only the industrials markets grew this day.
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In its first trading after tumbling into a bear market, US markets also struggled as worries persist around high inflation, which would push central banks to pump the brakes too hard on the economy.
Today in the Markets
| TSX | 19,548.51 | -194.05 |
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| TSXV | 650.07 | -21.83 |
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| CSE | 288.89 | -7.16 |
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| DJIA | 30,364.83 | -151.91 |
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| NASDAQ | 10,828.34 | +19.12 |
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| S&P 500 | 3,735.48 | -14.15 |
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The Canadian dollar traded for 77.18 cents US compared to 77.54 cents US on Monday.
US crude futures traded 2.08 per cent lower at $118.40 a barrel, while the Brent contract lost 1.35 per cent to $120.60 a barrel.
The price of gold was down $12.01 US to $1,808.45.
In world markets, the Nikkei was down 357.58 points to 26,629.86 the Hang Seng was up 0.41 point to 21,067.99 the FTSE was down 18.35 points to 7,187.46, and the DAX was down 122.64 points to 13,304.39.
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