With the end of the year rapidly approaching and work slowing down, the Canadian markets continued to stay in the red. However, the base metals sector was able to keep its head above water.
Despite celebrating the 337th birthday of Wall Street, the S&P 500, unfortunately, met its worst day in the past six weeks, with all large-cap sectors closing in the red. Meanwhile, the Federal Reserve Board adopted a final rule to implement the adjustable interest rate act, which will be effective within 30 days.
Today in the Markets
The Canadian dollar traded for 73.00 cents US, compared to 73.21 cents US on Thursday.
US crude futures traded $1.78 lower at $74.31 a barrel, while the Brent contract lost $2.14 to $79.06 a barrel.
The price of gold was up US$15.09 to US$1,793.12.
In world markets, the Nikkei was down 524.58 points to 27,527.12, the Hang Seng was up 82.08 points to 19,450.67, the FTSE was down 94.05 points to 7,332.12, and the DAX was down 93.16 points to 13,893.07.
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