Market Herald logo


Be the first with the news that moves the market

Canada’s main stock index sustained a sharp drop on Friday. The TSX’s declines were led by energy and mining sectors, while fears of global monetary policy tightening weighed on investor’s ambitions to make any big moves. Only the tech sector saw any green by market close.

Wall Street posted a losing week as a rally that carried the broader market in recent months had run its course.

S&P 5004,355.14-26.75S&P 500

The Canadian dollar traded for 75.79 cents US, compared to 76.01 cents US on Thursday.

US crude futures traded $0.23 lower at $69.28 a barrel, and the Brent contract lost $0.13 to $74.01 a barrel.

The price of gold was up US$5.63 to US$ 1,920.16.

In world markets, the Nikkei was down 483.34 points to 32,781.54, the Hang Seng was down 328.38 points to 18,889.97, the FTSE was down 42.18 points to 7,459.85, and the DAX was down 158.22 points to 15,829.94.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, click here.

More From The Market Herald

@ the Bell: Fear of higher interest and prices weighs on the TSX

Financial stocks led the decliners on the TSX as the Bank of Canada said there’s a risk that prices will only be raised more…

WK Kellogg Co shares drop after spinout from Kellanova

WK Kellogg Co (NYSE:KLG) has officially launched its shares on the New York Stock Exchange as an independent company.

Bombardier stock continues market-beating rally with unique offering

Bombardier, an outperforming aviation stock, is in the green after debuting a strategic expansion of its cost-per-flight-hour program.

Diversified mining stock hits mineralization on 50th consecutive drill hole

Green River Gold, a diversified mining stock, is announcing positive drill results from its Quesnel nickel project near Quesnel, B.C.