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North American markets pull back on worrying signs in Ukraine

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(Toronto) North American stock markets closed lower on Wednesday, with all three major US indexes sinking into correction territory, as crude oil prices continued to climb on tensions in Ukraine.

The Toronto floor’s S&P/TSX Composite Index lost 163.65 points to end the session with 20,744.17 points.

In New York, the Dow Jones Industrial Average fell 464.85 points to 33,131.76 points. The broader S&P 500 index lost 79.26 points to 4,225.50 points, while the NASDAQ Composite index fell 344.03 points, or 2.6%, to 13,037.49 points.

In the currency market, the Canadian dollar traded at an average rate of 78.63 cents US, up from 78.47 cents US the day before.

On the New York Commodities Exchange, crude oil rose 19 cents US to US$92.10 a barrel, while natural gas rose 13.2 cents US to $4.59 US per million BTU.

The price of gold rose US$3.00 to US$1910.40 an ounce and that of copper returned US$2.7 cents to US$4.48 a pound.



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