Canada’s main stock index was down more than 100 points in late-morning trading led lower by losses in the energy and industrial sectors, while U.S. stock markets also fell.
The S&P/TSX composite index was down 114.31 points at 20,515.24.
In New York, the Dow Jones industrial average was down 302.23 points at 33,431.73. The S&P 500 index was down 45.02 points at 3,971.93, while the Nasdaq composite was down 155.44 points at 11,178.83.
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The Canadian dollar traded for 74.52 cents US compared with 74.79 on Tuesday.
The March crude contract was up 36 cents at US$80.49 per barrel and the March natural gas contract was down nine cents at US$2.96 per mmBTU.
The February gold contract was down US$4.30 at US$1,931.10 an ounce and the March copper contract was down two cents at US$4.23 a pound.
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