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Futures tied to Canada’s main stock index fell in a broad decline on Wednesday, joining a slide among markets across the globe. Rating agency Fitch downgraded United States’ top credit rating, prompting them to park their money in safe-haven gold. Canada is set for an earnings-heavy week.

US stock futures also fell after the long-term rating downgrade and traders continued to assess the latest batch of Q2 earnings results.

Today in the Markets

TSX 20,218.21 -314.72 TSX
TSXV 611.92 -10.76 TSXV
CSE 155.19 -1.65 TSXV
DJIA 35,282.52 -348.16 DJIA
NASDAQ 13,973.45 -310.47 NASDAQ
S&P 500 4,514.19 -62.54 S&P 500

The Canadian dollar traded for 74.90 cents US, compared to 75.24 cents US on Tuesday.

US crude futures traded $1.60 lower at $79.77 a barrel, and the Brent contract lost $1.46 to $83.45 a barrel.

The price of gold was down US$16.70 to US$1,935.46.

In world markets, the Nikkei was down 768.89 points to 32,707.69, the Hang Seng was down 493.74 points to 19,517.38, the FTSE was down 104.64 points to 7,561.63, and the DAX was down 220.38 points to 16,020.02.

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