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Markets: S&P/TSX composite down as oil prices drop

TORONTO –


Canada’s predominant stock index was down greater than 100 factors in late-morning buying and selling, weighed down by losses within the vitality sector as the worth of oil moved decrease, whereas U.S. stock markets additionally fell.


The S&P/TSX composite index down 157.23 factors at 19,823.68.


In New York, the Dow Jones industrial common was down 91.04 factors at 33,654.65. The S&P 500 index was down 20.78 factors at 3,944.56, whereas the Nasdaq composite was down 97.49 factors at 11,048.57.


The Canadian greenback traded for 74.16 cents US in contrast with 74.71 cents US on Friday.


The January crude oil contract was down US$4.71 at US$75.40 per barrel and the December pure fuel contract was up 34 cents at US$6.64 per mmBTU.


The December gold contract was down US$16.70 at US$1,737.70 an oz and the December copper contract was down seven cents at US$3.56 a pound.


This report by The Canadian Press was first revealed Nov. 21, 2022

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