S&P/TSX composite down 124 points on hot inflation data

A sign board in Toronto displays the TSX close on Monday, March 16, 2020. THE CANADIAN PRESS/Frank Gunn. FNG

Canada’s main stock index ended down more than 100 points on Canadian inflation data that was higher than investors had hoped, while U.S. markets were also down.

The S&P/TSX composite index was down 123.78 points at 18,674.40.

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In New York, the Dow Jones industrial average was down 99.99 points at 30,423.81. The S&P 500 index was down 24.82 points at 3,695.16, while the Nasdaq composite was down 91.89 points at 10,680.51.

The Canadian dollar traded for 72.57 cents US, compared with 72.70 cents US on Tuesday.

The December crude contract was up $2.45 at US$84.52 per barrel and the November natural gas contract was down 28.3 cents at US$5.46 per mmBTU.

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The December gold contract was down US$21.60 to US$1,634.20 an ounce and the December copper contract was down 4.4 cents at US$3.32 a pound.

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