Equities in Canada’s largest centre took their share of blows Tuesday, as energy and mining stocks weighed most heavily.
The S&P/TSX Composite Index plummeted 157.95 points, or 1.1%, to close a turbulent Tuesday at 13,707.68
The Canadian dollar lost 1.17 cents to 78.64 cents U.S.
Among mining concerns, First Quantum Minerals fell 54 cents, or 1.1%, to $10.10, while Teck Resources shed 85 cents, or 5.6%, to $14.38.
Energy stocks took their lumps, too, as Baytex Energy faltered 36 cents, or 5.7%, to $5.91, while Suncor doffed 63 cents, or 1.8%, to $34.95.
Materials, which includes gold miners, also fell, as Kinross Gold gave back 19 cents, or 2.7%, to $6.88, while Yamana Gold relinquished 14 cents, or 2.4%, to $5.77.
Health-care stocks had a better day of it, though, as the much-maligned Valeant Pharmaceuticals sprang up $4.70, or 11.5%, to $45.55, while rival Concordia Healthcare took on 41 cents, or 1.2%, to $33.59.
ON BAYSTREET
The TSX Venture Exchange came off its lows of the afternoon, shedding 8.9 points, or 1.3%, to 662.33
All but one of the 13 TSX subgroups ended the day negative, with metals and mining down 5.5%, energy off 2.5%, and materials, sliding 1.9%
Only a 1.3% gain by health-care stocks kept things from being unanimous.
ON WALLSTREET
Equities in the United States also closed lower Tuesday as investors piled into safe-haven assets such as the yen amid renewed global growth concerns from weaker-than-expected Chinese manufacturing data.
The Dow Jones Industrials tumbled 140.25 points to 17,750.91. Goldman Sachs weighed most on the market, while the top contributor to gains was Apple, which closed up 1.6% to snap its first eight-day losing streak since 1998.
The S&P 500 shed 18.06 points to 2,063.57, with energy leading all 10 sectors lower.
The NASDAQ Composite Index slumped 54.37 points, or 1.1%, to 4,763.22, its lowest point since mid-March
In earnings news, Pfizer topped expectations on both the top and bottom line. The drug giant also raised its full-year earnings forecast.
AIG reported lower-than-expected profit for the third-straight quarter.
Aside from monthly auto sales, no major data was expected Tuesday. The key economic news for the week is the employment report due Friday.
Prices for the 10-year Treasury strengthened, lowering yields to 1.80% from Monday’s 1.87%. Treasury prices and yields move in opposite directions
Oil prices moved lower $1.07 a barrel to $43.71 U.S.
Gold prices staggered $4.98 to $1,286.57 U.S. an ounce.
