TORONTO –
North American stock markets continued to gyrate in the aftermath of central bank plans to start raising interest rates in the coming weeks.
The S&P/TSX composite index closed down 51.78 points to 20,544.11 after climbing more than 250 points in early trading.
In New York, the Dow Jones industrial average lost 7.31 points at 34,160.78. The S&P 500 index was down 23.42 points at 4,326.51, while the Nasdaq composite gave up 189.34 points at 13,352.78.
The Canadian dollar traded for 78.67 cents US compared with 79.33 cents US on Wednesday.
The March crude oil contract was down 74 cents at US$86.61 per barrel and the March natural gas contract was up 24.7 cents at US$4.28 per mmBTU.
The February gold contract was down US$36.60 at US$1,793.10 an ounce and the March copper contract was down 9.2 cents at US$4.42 a pound.
This report by The Canadian Press was first published Jan. 27, 2022.
