TORONTO – Canada’s main stock index was down more than 250 points in late-morning trading, weighed down by losses in the technology and base metal sectors, while U.S. stock markets also tumbled.

The S&P/TSX composite index was down 275.02 points at 31,385.71.

In New York, the Dow Jones industrial average was down 293.56 points at 48,410.45. The S&P 500 index was down 82.76 points at 6,818.24, while the Nasdaq composite was down 417.53 points at 23,176.33.

The Canadian dollar traded for 72.54 cents US compared with 72.60 cents US on Thursday.

The January crude oil contract was down 32 cents US at US$57.28 per barrel.

The February gold contract was up US$3.40 at US$4,316.40 an ounce.

This report by The Canadian Press was first published Dec. 12, 2025.

Companies in this story: (TSX:GSP

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