05-05-2022 07:13 via ctvnews.ca

S&P/TSX composite suffers worst day since November as investors weigh higher rates

Canada's main stock index suffered its worst day in more than five months as investors appeared to put aside dovish Federal Reserve comments a day earlier to instead focus on the magnitude of interest rates to come. The S&P/TSX composite index closed down 488.78 points, or 2.3 per cent, to 20,696.17. In New York, the Dow Jones industrial average was down 1,063.09 points at 32,997.97. The S&P 500 index was down 153.30 points at 4,146.87, while the Nasdaq composite was down 647.17 points o
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