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The S&P/TSX composite loses almost 300 points;  energy stocks in the red

TORONTO — Canada’s main stock index shed nearly 300 points on Thursday, with energy and mining stocks the hardest hit as investors continue to worry about the possibility of a looming recession.

The S&P/TSX Composite Index lost 286.92 points to 18,717.12.

In New York, the Dow Jones industrial average rose 194.23 points to 30,677.36. The S&P 500 index rose 35.84 points to 3,795.73, while the Nasdaq composite rose 179.11 points to 11,232.19.

The Canadian dollar was trading at 77.03 cents US against 77.27 cents US on Wednesday.

The August crude contract was down $1.92 at US$104.27 a barrel and the August natural gas contract was down 59 cents at US$6.28 per mmBTU.

The August gold contract was down US$8.60 at US$1,829.80 an ounce and the July copper contract was down 21 cents at US$3.74 a pound .

This report from The Canadian Press was first published on June 23, 2022.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press