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S&P/TSX composite down more than 200 points, U.S. stock markets also down

Canada’s main stock index slipped more than 200 points in late-morning trading, dragged down by industrials and financials, as U.S. markets also fell.

The S&P/TSX composite index was down 243.61 points at 18,735.40.

In New York, the Dow Jones industrial average was down 426.77 points at 29,500.17. The S&P 500 index was down 73.88 points at 3,670.64, while the Nasdaq composite was down 326.30 points at 10,747.01.

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The Canadian dollar traded for 73.04 cents US compared with 72.89 cents US on Thursday.

The November crude contract was up US$2.98 at US$91.43 per barrel and the November natural gas contract was down 21 cents at US$6.76 per mmBTU.

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The December gold contract was down US$11.30 at US$1709.50 an ounce and the December copper contract was down almost five cents at US$3.39 a pound.

© 2022 The Canadian Press