Toronto market end losing week by closing at lowest level since November 2016

The Canadian Press</span>
Published Thursday, October 25, 2018 11:42PM EDT
Last Updated Friday, October 26, 2018 4:44PM EDT

TORONTO -- Canada's main stock index ended a losing week by hitting a near two-year low while the Dow industrials average and S&P 500 index wiped out their gains for the year.

The S&P/TSX composite index closed down 35.82 points at 14,888.26.

In New York, the Dow Jones industrial average was down 296.24 points at 24,688.31. The S&P 500 index was down 46.88 points at 2,658.69 points, while the Nasdaq composite was down 151.12 points to 7,167.21.

The Canadian dollar traded at an average of 76.29 cents US compared with an average of 76.48 cents US on Thursday.

The December crude contract was up 26 cents at US$67.59 per barrel and the December natural gas contract was down 3.1 cents at US$3.22 per mmBTU.

The December gold contract was up US$3.40 at US$1,235.8 an ounce and the December copper contract was down 1.35 cents at US$2.74 a pound.

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