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S&P/TSX composite down more than one per cent, U.S. markets also fall

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

Canada’s main stock index fell more than one per cent Wednesday, with broad-based losses led by the energy sector, while U.S. markets also fell by more than one per cent.

The S&P/TSX composite index was down 222.55 points to 19,284.10 on the first trading day after the Christmas holiday.

In New York, the Dow Jones industrial average was down 365.85 points, or 1.10 per cent, to 32,875.71.The S&P 500 index was down 46.03 points, or 1.20 per cent, to 3,783.22, while the Nasdaq composite was down 139.94 points, or 1.35 per cent, to 10,213.29.

The Canadian dollar traded for 73.72 US compared with 73.51 cents US on Friday.

The February crude contract was down 57 cents at US$78.96 per barreland the February natural gas contract was down 43 cents at US$4.69 per mmBTU.

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The February gold contract was down US$7.30 at US$1,815.80 an ounceand the March copper contract was down less than a cent at US$3.84 a pound.

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