S&P/TSX composite down more than 200 points, price of oil tumbles lower

TORONTO — Canada’s main stock index was down more than 200 points in late-morning trading as losses in the energy and base metal sectors led a broad-based decline and the price of oil moved lower.

The S&P/TSX composite index was down 246.93 points at 19,589.19.

In New York, the Dow Jones industrial average was down 237.21 points at 31,861.78. The S&P 500 index was down 38.55 points at 3,992.06, while the Nasdaq composite was down 143.01 points at 11,874.66.

The Canadian dollar traded for 76.43 cents US compared with 76.87 cents US on Monday.

The October crude contract was down US$4.35 at US$92.66 per barrel and the October natural gas contract was down 38 cents at US$8.96 per mmBTU.

The December gold contract was down US$14.20 at US$1,735.50 an ounce and the December copper contract was down five cents at US$3.56 a pound.

This report by The Canadian Press was first published Aug. 30, 2022.

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

The Canadian Press