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S&P/TSX composite falls on broad-based decline led by technology, materials sectors

·1 min read

TORONTO — Canada's main stock index sustained its weakest performance in more than two weeks as strong economic data stoked fears of higher inflation.

The S&P/TSX composite index closed down 117.94 points to 18,374.78.

In New York, the Dow Jones industrial average was up 90.27 points at 31,613.02. The S&P 500 index was down 1.26 points at 3,931.33, while the Nasdaq composite was down 82.00 points at 13,965.50.

The Canadian dollar traded for 78.67 cents US compared with 78.84 cents US on Tuesday.

The April crude oil contract was up US$1.08 at US$61.16 per barrel and the March natural gas contract was up nine cents at US$3.22 per mmBTU.

The April gold contract was down US$26.20 at US$1,772.80 an ounce and the March copper contract was down 1.35 cents at US$3.82 a pound.

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

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

The Canadian Press