Toronto stock market looks to put tumultuous year in rear-view mirror

TORONTO -- The Toronto stock market settled deep in the red, closing out what has been one of its more tumultuous years in recent memory.

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The S&P/TSX composite index ended the session down 132.34 points at 13,009.95.

That left Canada's main index off about 11 per cent for the year.

Markets in New York also looked to finish the year on a weak note. The Dow Jones average was down 178.84 points at 17,425.03, while the S&P 500 fell 19.42 points to 2,043.94 and the Nasdaq lost 58.44 points to 5,007.41.

The loonie showed some measure of life, closing up 0.23 of a cent at 72.25 cents U.S. Still, that's well below where it finished 2014, when it was worth 86.2 cents U.S.

On commodity markets, the February contract for benchmark crude oil was up 44 cents at US$37.04 a barrel while the February gold contract was up 40 cents at US$1,060.20 an ounce.



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