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Investors were risk averse on Thursday and Canada’s main stock index paid the price. Markets fell in a broad decline and a report from Statistics Canada found that the economy is losing momentum but has so far avoided contraction.

U.S. stock indexes also closed significantly lower on worries of a global economic downturn born from aggressive central bank rate hikes as well as risks of potential contagion from a turmoil in UK markets.

Today in the Markets

TSX 18,441.84 -207.08 TSX
TSXV 582.59 -4.98 TSXV
CSE 238.74 -6.49 TSXV
DJIA 29,225.61 -458.13 DJIA
NASDAQ 10,737.51 -314.13 NASDAQ
S&P 500 3,640.47 -78.57 S&P 500

The Canadian dollar traded for 73.00 cents US compared to 73.37 cents US on Wednesday.

US crude futures traded 0.79 per cent lower at $81.50 a barrel, while the Brent contract lost 0.73 per cent to $88.67 a barrel.

The price of gold was up US4.45 to US$1,660.96.

In world markets, the Nikkei was up 248.07 points to 26,422.05, the Hang Seng was down 85.01 points to 17,165.87, the FTSE was down 141.32 points to 6,864.07, and the DAX was down 225.56 points to 11,957.72.

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