TSX down more than 150 points as oil falls, U.S. stock markets mixed

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TORONTO — Canada's main stock index fell more than 150 points Monday, weighed down by losses in the energy sector as the price of oil sank, while U.S. stock markets were mixed. The S&P/TSX composite index closed down 152.43 points at 22,116.69.

TORONTO — Canada's main stock index fell more than 150 points Monday, weighed down by losses in the energy sector as the price of oil sank, while U.S. stock markets were mixed.In New York, the Dow Jones industrial average was down 115.29 points at 38,571.03. The S&P 500 index was up 5.89 points at 5,283.40, while the Nasdaq composite was up 93.65 points at 16,828.67.“That created a bit of a negative backdrop for stocks in the U.S.

The end of the week will bring fresh labour force data, which is also an important part of the Fed’s calculations. “That will obviously mark the beginning of the Bank of Canada's easing cycle. And then everyone will turn their attention to what happens next.”

 

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