TSX slides down

The Guardian (Charlottetown) - - BUSINESS - THE CANA­DIAN PRESS

Hopes of a re­prieve on North Amer­i­can stock mar­kets were dashed Fri­day in an­other dis­mal ses­sion that capped off a tur­bu­lent start to the year.

Toronto's S&P/TSX com­pos­ite in­dex was down 2.76 points at 12,445.45, a rel­a­tively flat close af­ter seven con­sec­u­tive ses­sion of de­clines that left it more than 20 per cent below its all-time high set in Septem­ber 2014.

Wall Street de­clines were even steeper as U.S. mar­kets closed out their worst week since 2011, rat­tled by con­cerns over a slow­down in China's econ­omy and plung­ing oil prices. The Dow Jones was down 167.65 points at 16,346.45. The broader S&P 500 slipped 21.06 points to 1,922.03 and the Nas­daq dropped 45.80 points to 4,643.63.

On com­mod­ity mar­kets, the Fe­bru­ary crude con­tract lost 11 cents to US$33.16 a bar­rel - set­tling down more than 10 per cent on the week. Fe­bru­ary nat­u­ral gas rose nine cents to US$2.47 per mmBtu and Fe­bru­ary gold fell by $9.90 to US$1,097.90 an ounce.

The Cana­dian dol­lar was down 0.26 of a cent at 70.68 cents U.S. as it con­tin­ued to plumb depths not seen since July 2003.

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