North American markets ended the trading week in the red, with Canada’s main stock index down more than 170 points and U.S. stock markets falling amid inflation worries and a stark warning from FedEx about worsening trends in the economy.
The S&P/TSX composite index was down 174.28 points at 19,385.88.
In New York, the Dow Jones industrial average was down 139.40 points at 30,822.42. The S&P 500 index was down 28.02 points at 3,873.33, while the Nasdaq composite was down 103.95 points at 11,448.40.
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S&P/TSX composite ends trading day down more than 150 points, U.S. markets also lower
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The Canadian dollar traded for 75.27 cents US compared with 75.76 cents US on Thursday.
The November crude contract was up 11 cents at US$84.76 per barrel and the October natural gas contract was down 56 cents at US$7.76 per mmBTU.
The December gold contract was up US$6.20 at US$1,683.50 an ounce and the December copper contract was up two cents at US$3.52 a pound.
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