S&P/TSX composite down in late-morning trading driven by financials, industrials

TORONTO — Canada’s main stock index was down in late-morning trading following a supersized interest rate hike from the Bank of Canada and driven by weakness in financials, industrials and materials sectors.

The S&P/TSX composite index was down 49.18 points at 18,629.46.

In New York, the Dow Jones industrial average was down 142.55 points at 30,838.78. The S&P 500 index was down 9.26 points at 3,809.54, while the Nasdaq composite was up 12.08 points at 11,276.81.

The Canadian dollar traded for 77.26 cents US compared to 76.83 cents US on Tuesday.

The August crude contract was up US$1.14 at US$96.98 per barrel and the August natural gas contract was up 49 cents at US$6.65 per mmBTU.

The August gold contract was up US$16.40 at US$1,741.20 an ounce and the September copper contract was up two cents at US$3.31 a pound.

This report by The Canadian Press was first published July 13, 2022.

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

The Canadian Press