Losses in the energy sector helped lead Canada’s main stock index lower in late-morning trading as it fell more than 100 points, while U.S. markets also fell ahead of the U.S. Federal Reserve’s latest interest rate decision this afternoon.
The S&P/TSX composite index was down 104.18 points at 20,663.20.
In New York, the Dow Jones industrial average was down 256.31 points at 33,829.73. The S&P 500 index was down 12.01 points at 4,064.59, while the Nasdaq composite was down 28.03 points at 11,556.52.
The Canadian dollar traded for 75.02 cents US compared with 74.91 cents US on Tuesday.
The March crude contract was down 69 cents at US$78.18 per barrel and the March natural gas contract was down 12 cents at US$2.56 per mmBTU.
The April gold contract was up US$1.40 at US$1,946.70 an ounce and the March copper contract was down eight cents at US$4.15 a pound.
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