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S&P/TSX composite down nearly 250 points, U.S. stock markets also fall

TORONTO — Canada's main stock index lost nearly 250 points Thursday, led by weakness in energy and base metals, while U.S. markets also fell. The S&P/TSX composite index closed down 246.99 points at 25,410.71.
Canadian Press
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A street sign along Bay Street in Toronto's financial district is shown on Tuesday, Jan. 12, 2021. THE CANADIAN PRESS/Nathan Denette

TORONTO — Canada's main stock index lost nearly 250 points Thursday, led by weakness in energy and base metals, while U.S. markets also fell.

The S&P/TSX composite index closed down 246.99 points at 25,410.71.

In New York, the Dow Jones industrial average was down 234.44 points at 43,914.12. The S&P 500 index was down 32.94 points at 6,051.25, while the Nasdaq composite was down 132.05 points at 19,902.84.

The Canadian dollar traded for 70.48 cents US compared with 70.65 cents US on Wednesday.

The January crude oil contract was down 27 cents at US$70.02 per barrel and the January natural gas contract was up eight cents at US$3.46 per mmBTU.

The February gold contract was down US$47.30 at US$2,709.40 an ounce and the March copper contract was down a penny at US$4.20 a pound.

This report by The Canadian Press was first published Dec. 12, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press