S&P/TSX composite falls in late morning trading Thursday, US markets also fall – Winnipeg Free Press

TORONTO — Canada’s main stock index erased the previous day’s gains in late morning trading on Thursday, falling 1.6 percent. Most major sectors fell, while U.S. markets also fell.

The S&P/TSX composite index fell 366.30 points to 22,744.51.

In New York, the Dow Jones Industrial Average fell 473.45 points to 40,369.34. The S&P 500 index fell 40.49 points to 5,481.81, while the Nasdaq Composite fell 180.58 points to 17,18.82.

The S&P TSX composite index screen at the TMX Market Centre in Toronto is photographed on Friday, November 11, 2022. THE CANADIAN PRESS/Tijana Martin

The Canadian dollar was trading at 72.25 US cents, compared with 72.42 US cents on Wednesday.

The September crude oil contract fell 71 cents to US$77.20 a barrel and the September natural gas contract rose two cents to US$2.06 per mmBTU.

The December gold contract rose US$19.30 to US$2,492.30 an ounce and the September copper contract rose seven cents to US$4.11 a pound.