TORONTO — Canada’s main stock index lost almost 160 points on Monday, weighed down by weakness in energy stocks, while U.S. markets also fell, led by a 1.8 per cent drop on the Nasdaq.
TORONTO — Canada’s main stock index lost almost 160 points on Monday, weighed down by weakness in energy stocks, while U.S. markets also fell, led by a 1.8 per cent drop on the Nasdaq.
Markets fell in a broad-based selloff led by rate-sensitive sectors as investors continued their recent risk-off trading, said Mike Archibald, vice-president and portfolio manager with AGF Investments Inc.
The S&P/TSX composite index closed down 159.79 points at 21,740.20.
In New York, the Dow Jones industrial average was down 248.13 points at 37,735.11.The S&P 500 index was down 61.59 points at 5,061.82, while the Nasdaq composite was down 290.08 points at 15,885.02.
There are several things weighing on markets right now, including the ongoing…
