TORONTO –
North American stock markets continued to lose ground as hot new inflation data further raised expectations that central banks, including the U.S. Federal Reserve, will speed up their withdrawal of monetary stimulus.
The S&P/TSX composite index ended the day down 99.88 points to 20,648.57.
In New York, the Dow Jones industrial average was down 106.77 points at 35,544.18. The S&P 500 index was down 34.88 points at 4,634.09, while the Nasdaq composite was down 175.64 points at 15,237.64.
The Canadian dollar traded for 77.85 cents US compared with 78.18 cents US on Monday.
The January crude oil contract was down 56 cents at US$70.73 per barrel and the January natural gas contract was down 4.7 cents at nearly US$3.75 per mmBTU.
The February gold contract was down US$16 at US$1,772.30 an ounce and the March copper contract was down 2.7 cents at almost US$4.26 a pound.
This report by The Canadian Press was first published Dec. 14, 2021.
