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S&P/TSX composite falls, loonie drops after Bank of Canada warns of risks

S&P/TSX composite falls, loonie drops after Bank of Canada warns of risks | iNFOnews.ca
A street sign along Bay Street in Toronto's financial district is shown on Tuesday, January 12, 2021. THE CANADIAN PRESS/Nathan Denette

TORONTO – Canada's main stock index moved lower on economic growth concerns, while the loonie fell after the Bank of Canada warned of risks but left interest rates unchanged.

The S&P/TSX composite index lost 64.84 points to 20,741.79.

In New York, the Dow Jones industrial average was down 68.93 points at 35,031.07. The S&P 500 index was down 5.96 points at 4,514.07 while the Nasdaq composite was down 87.69 points at 15,286.64.

The Canadian dollar traded for 78.89 cents US compared with 79.23 cents US on Tuesday.

The September crude oil contract was up 95 cents at US$69.30 per barrel and the October natural gas contract was up 35 cents at US$4.91 per mmBTU.

The December gold contract was down US$5.00 at US$1,793.50 an ounce and the September copper contract was down 4.9 cents at US$4.23 a pound.

This report by The Canadian Press was first published Sept. 8, 2021.

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Marshall Jones

News is best when it's local, relevant, timely and interesting. That's our focus every day.

We are on the ground in Penticton, Vernon, Kelowna and Kamloops to bring you the stories that matter most.

Marshall may call West Kelowna home, but after 16 years in local news and 14 in the Okanagan, he knows better than to tell readers in other communities what is "news' to them. He relies on resident reporters to reflect their own community priorities and needs. As the newsroom leader, his job is making those reporters better, ensuring accuracy, fairness and meeting the highest standards of journalism.

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