Canada’s principal inventory index closed down more than 3% in a broad-based decline pushed by falling commodity costs, whereas U.S. inventory markets additionally fell.
The S&P/TSX composite index ended down 633.59 factors, or 3.07 per cent, at 19,999.69.
The Canadian greenback traded for 77.14 cents US in contrast with 77.63 cents US on Friday.
The June crude contract ended down US$6.68 at US$103.09 per barrel and the June pure fuel contract was down US$1.02 at US$7.03 per mmBTU.
The June gold contract closed down US$24.20 at US$1,858.60 an oz. and the July copper contract was down 7.4 cents at US$4.19 a pound.
Meanwhile, inventorys deepened their losses on Wall Street Monday, sending the S&P 500 to its lowest shut in more than a yr.
The benchmark index is coming off its fifth weekly loss in a row as renewed worries about China’s economic system piled on high of markets already battered by rising rates of interest.
The S&P 500 gave up 3.2% and the Nasdaq pulled again 4.3%. The Dow Jones Industrial Average fell 2%. The yield on the 10-year Treasury notice fell to three.03%.
Stocks additionally fell throughout Europe and far of Asia, as did every part from old-economy crude oil to new-economy bitcoin.
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Canada’s main stock closes down more than 3% as commodities drop, Wall Street tumbles & More Latest News Update
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