TORONTO — Canada’s main stock index lost nearly 250 points Thursday, led by weakness in energy and base metals, while U.S. markets also fell. The S&P/TSX composite index closed down 246.99 points at 25,410.71.
TORONTO — Canada’s main stock index lost nearly 250 points Thursday, led by weakness in energy and base metals, while U.S. markets also fell.
The S&P/TSX composite index closed down 246.99 points at 25,410.71.
In New York, the Dow Jones industrial average was down 234.44 points at 43,914.12. The S&P 500 index was down 32.94 points at 6,051.25, while the Nasdaq composite was down 132.05 points at 19,902.84.
“I think the markets had some time to now digest where rates could be going into the near term,” said Adelaide Chiu, portfolio manager, vice-president and head of responsible investing at NEI Investments.
On Wednesday, the Bank of Canada announced an outsized half-percentage point interest rate cut and…
