S&P/TSX composite down more than 200 points as oil tops US$100 per barrel

The Bay Street Financial District is shown with the Canadian flag in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette

TORONTO — Canada’s main stock index was down more than 200 points in late-morning trading, despite strength in the energy sector as the price of oil topped US$100.

The June crude oil contract was up US$5.38 at US$105.31 per barrel as talks to end the war in the Middle East stalled.

The S&P/TSX composite index was down 228.99 points at 33,355.35.

In New York, the Dow Jones industrial average was down 273.72 points at 48,868.21. The S&P 500 index was down 8.74 points at 7,130.06, while the Nasdaq composite was down 11.58 points at 24,652.22.

The Canadian dollar traded for 73.10 cents US compared with 73.11 cents US on Tuesday.

The June gold contract was down US$51.10 at US$4,557.30 an ounce.

This report by The Canadian Press was first published April 29, 2026.