S&P/TSX composite flat to end losing week while U.S. markets fall

TORONTO — Canada’s main stock index closed the week essentially unchanged in a losing week while U.S. markets fell after the Federal Reserve’s latest moves to fight inflation.

The S&P/TSX composite index closed down 0.77 of a point to 20,739.01.

In New York, the Dow Jones industrial average was down 532.20 points at 35,365.44. The S&P 500 index was down 48.03 points at 4,620.64, while the Nasdaq composite was down 10.76 points at 15,169.68.

The Canadian dollar traded for 77.85 cents US compared with 78.24 cents US on Thursday.

The February crude contract was down US$1.43 at US$70.72 per barrel and the January natural gas contract was down 7.6 cents at US$3.69 per mmBTU.

The February gold contract was up US$6.70 at US$1,804.90 an ounce and the March copper contract was down nearly a penny at US$4.30 a pound.

This report by The Canadian Press was first published Dec. 17, 2021.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press