S&P/TSX composite down more than 480 points amid renewed COVID-19 variant fears

·1 min read

TORONTO — Canada's main stock index tumbled more than 480 points or 2.3 per cent Tuesday amid fresh worries about the new Omicron COVID-19 variant, as U.S. stock markets also fell.

The S&P/TSX composite index was down 489.01 points at 20,659.99.

In New York, the Dow Jones industrial average was down 652.22 points at 34,483.72. The S&P 500 index was down 88.27 points at 4,567.00, while the Nasdaq composite was down 245.14 points at 15,537.69.

The Canadian dollar traded for 78.17 cents US compared with 78.34 cents US on Monday.

The January crude oil contract was down US$3.77 at US$66.18 per barrel and the January natural gas contract was down 29 cents at US$4.57 per mmBTU.

The February gold contract was down US$8.70 at US$1,776.50 an ounce and the March copper contract was down six cents at US$4.28 a pound.

This report by The Canadian Press was first published Nov. 30, 2021.

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

The Canadian Press

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