Canada’s main stock index fell almost 300 points Friday after a surprise reversal Thursday, pulled down by losses in energy and base metals, while the U.S. markets fell at a steeper rate.
The S&P/TSX composite index was down 287.28 points at 18,326.35.
In New York, the Dow Jones industrial average was down 403.89 points at 29,634.83. The S&P 500 index was down 86.84 points, or more than two per cent, at 3,583.07, while the Nasdaq composite was down 327.76 points, or more than three per cent, at 10,321.39.
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The Canadian dollar traded for 72.17 cents US compared with 72.43 cents US on Thursday.
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The November crude contract was down US$3.50 at US$85.61 per barrel and the November natural gas contract was down 28.8 cents at US$6.45 per mmBTU.
The December gold contract was down US$28.10 at US$1,648.90 an ounce and the December copper contract was down 1.7 cents at US$3.42 a pound.
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