Markets

S&P/TSX composite down more than 400 points, U.S. stock markets also lower

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TORONTO — Canada’s main stock index was down more than 400 points in late-morning trading, weighed down by losses in the energy, technology and base metal sectors, while U.S. stock markets also fell.

The S&P/TSX composite index was down 412.00 points at 35,912.99.

In New York, the Dow Jones industrial average was down 85.20 points at 52,770.89. The S&P 500 index was down 86.44 points at 7,670.73, while the Nasdaq composite was down 542.82 points at 26,160.04.

The Canadian dollar traded for 71.28 cents US compared with 71.14 cents US on Wednesday.

The December crude oil contract was up US$1.35 at US$98.50 per barrel.

The December gold contract was down US$77.80 at US$4,072.20 an ounce.

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This report by The Canadian Press was first published Oct. 22, 2026.