Canada’s main stock index closed lower on Wednesday, pulled down by weakness in the energy sector, while U.S. markets also finished in negative territory following an interest rate increase from the Federal Reserve.
The S&P/TSX composite index fell 90.80 points to close at 35,491.27.
In New York, the Dow Jones industrial average dropped 631.21 points to 51,461.90. The S&P 500 index declined 33.92 points to 7,551.81, while the Nasdaq composite slipped 3.15 points to 25,978.42.
Currency and Commodities Move
The Canadian dollar traded at 71.70 cents US, down from 71.85 cents US a day earlier.
In commodities, the October crude oil contract fell US$3.40 to settle at US$102.43 per barrel, contributing to the pullback in energy shares on the Toronto exchange.
Gold Gains Amid Market Volatility
Gold moved in the opposite direction, with the December contract climbing US$54.70 to US$4,387.50 an ounce.
The broader market moves came as U.S. stocks reacted to the Federal Reserve’s decision to raise interest rates, a move that weighed on investor sentiment across major American indexes. The report on the day’s trading was first published by The Canadian Press on Sept. 16, 2026.
This article is for informational purposes only and does not constitute financial, investment, or legal advice. Consult a licensed financial advisor before making investment decisions.
This article references reporting from:
