Canada News

S&P/TSX composite down more than 300 points, U.S. stock markets also fall |

Canada’s main stock index was down more than 300 points in late-morning trading in a broad-based decline, while U.S. stock markets also fell after a hotter-than-expected U.S. inflation report.

The S&P/TSX composite index was down 324.17 points at 20,743.13.

In New York, the Dow Jones industrial average was down 417.19 points at 38,380.19. The S&P 500 index was down 54.22 points at 4,967.62, while the Nasdaq composite was down 198.55 points at 15,744.00.

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The Canadian dollar traded for 73.77 cents US compared with 74.35 cents US on Monday.

The March crude oil contract was up 77 cents at US$77.69 per barrel and the March natural gas contract was down nine cents at US$1.68 per mmBTU.

The April gold contract was down US$24.80 at US$2,008.20 an ounce and the March copper contract was up less than a penny at US$3.73 a pound.

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