Canada’s main stock index ended the week in the red on Friday under mounting losses in a broad decline. A rise in long-term government yields fuelled rate hike worries, while a drop in copper prices dragged material stocks lower.
U.S. stocks tumbled as traders focused on a recent run higher in the 10-year Treasury yield, which crossed the 5 per cent mark for the first time in 16 years.
TSX | 19,115.67 | -233.17 | |
TSXV | 520.74 | -3.08 | |
CSE | 166.19 | -2.79 | |
DJIA | 33,127.28 | -286.89 | |
NASDAQ | 12,983.81 | -202.37 | |
S&P 500 | 4,225.00 | -53.00 | |
The Canadian dollar traded for 72.93 cents U.S., compared to 72.91 cents U.S. on Thursday.
U.S. crude futures traded $0.35 lower at $89.02 a barrel, and the Brent contract lost $0.11 to $92.97 a barrel.
The price of gold was up US$2.84 to US$1,980.12.
In world markets, the Nikkei was down 171.26 points to 31,259.36, the Hang Seng was down 123.76 points to 17,172.13, the FTSE was down 97.39 points to 7,402.14, and the DAX was down 246.76 points to 14,798.47.
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