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S&P/TSX composite falls to 3-month low on fears about slowing economic growth | Globalnews.ca

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S&P/TSX composite falls to 3-month low on fears about slowing economic growth  | Globalnews.ca
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TORONTO — Canada’s main stock index lost more than 300 points as a big drop in the technology sector drove it to its lowest level in three months on ongoing concerns about slowing global economic growth.

The S&P/TSX composite index closed down 321.08 points or 1.5 per cent to 20,690.81.

In New York, the Dow Jones industrial average was down 809.28 points at 33,240.18. The S&P 500 index was down 120.92 points at 4,175.20, while the Nasdaq composite was down 514.11 points or nearly four per cent at 12,490.74.

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The Canadian dollar traded for 78.14 cents US compared with 78.38 cents US on Monday.

The June crude contract was up US$3.16 at US$101.70 per barrel and the June natural gas contract was up 17.3 cents at US$6.98 per mmBTU.

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The June gold contract was up US$8.10 at US$1,904.10 an ounce and the July copper contract was down less than a penny at US$4.46 a pound.


Click to play video: 'Global News Morning Market and Business Report – April 26, 2022'



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Global News Morning Market and Business Report – April 26, 2022


Global News Morning Market and Business Report – April 26, 2022

© 2022 The Canadian Press

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