Canada’s biggest stock market tumbled more than 200 points, while the loonie also took a beating as falling oil prices piled on downward pressure. In Toronto, the S&P/TSX composite index plunged 248.04 points, or 1.7 per cent, to 14,349.10, as metal, energy and gold stocks led declines. On Wall Street, the Dow Jones industrial average lost 258.32 points at 18,066.75, while the Nasdaq shed 56.63 points to 5,155.26. The loonie faded 0.70 of a cent to trade at 75.93 cents US, as October contracts for crude oil pulled back $1.39 to US$44.90 a barrel amid a negative report by the International Energy Agency. Commodities were negative across the board, with the December contract for gold falling $1.90 to US$1,323.70 an ounce.
Source: thestar September 13, 2016 18:30 UTC