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S&P/TSX composite down nearly 200 points, U.S. stock markets also lower

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

TORONTO — Canada’s main stock index fell to its lowest point since October last year in late-morning trading while U.S. stock markets also pulled back.

The S&P/TSX composite index was down 190.84 points at 18,986.34.

In New York, the Dow Jones industrial average was down 366.22 points at 33,067.13. The S&P 500 index was down 53.83 points at 4,234.56,while the Nasdaq composite was down 223.52 points at 13,084.25.

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The Canadian dollar traded for 72.85 cents US compared with 73.96 cents US on Friday.

The November crude contract was up 28 cents at US$89.10 per barrel and the November natural gas contract was up seven cents at US$2.91 per mmBTU.

The December gold contract was down US$5.50 at US$1,841.70 an ounce and the December copper contract was down a penny at US$3.63 a pound.

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