TORONTO — Canada's main stock index fell more than 300 points Friday despite strength in energy stocks as the price of oil climbed, while U.S. stock markets also fell as investors reacted to the latest labour market reports.
The S&P/TSX composite index closed down 305.63 points at 24,767.73.
In New York, the Dow Jones industrial average was down 696.75 points at 41,938.45. while the Nasdaq composite was down 317.25 points at 19,161.63. The S&P 500 index was down 91.21 points at 5,827.04.
The Canadian dollar traded for 69.34 cents US compared with 69.47 cents US on Thursday.
The February crude oil contract was up US$2.65 at US$76.57 per barrel and the February natural gas contract was up 29 cents at US$3.99 per mmBTU.
The February gold contract was up US$24.20 at US$2,715 an ounce and the March copper contract was down a penny at US$4.30 a pound.
This report by The Canadian Press was first published Jan. 10, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press
