TSX posts tripledigit loss New York markets mixed as commodities slide

TORONTO — The Toronto stock market posted a triple-digit decline as indications of a further weakening in China’s economy contributed to a big drop in crude oil prices.The S&P/TSX composite index ended the day down 107.40 points at 13,383.69 after tumbling 288.35 points, or more than two per cent, on Tuesday.In New York, the Dow Jones industrial average closed down 50.58 points at 16,279.89 after an almost 180-point drop Tuesday, while the broader S&P 500 index gave back 3.98 points to 1,938.76 and the Nasdaq edged down an identical 3.98 points to 4,752.74.On commodity markets, the November crude contract fell $1.88 to settle at US$44.48 a barrel while the October contract for natural gas fell 0.8 of a cent to US$2.569 per thousand cubic feet.The December gold contract rose $6.70 to US$1,131.50 an ounce. December copper was virtually flat at US$2.30 a pound after tumbling nine cents on Tuesday.The Canadian dollar was down 0.51 of a U.S. cent at 74.92 cents US. read more