Robinson Energy granted licence over Papua New Guinea gas discovery

The S&P/TSX Composite fell 275.81 points, or 0.76%, to 36,170.45, with no clear catalyst, while the S&P 500 lost 29.01 points, or 0.38%, to 7,520.93 and the Nasdaq Composite shed 187.27 points, or 0.74%, to 25,065.87. The Bank of Canada's governing council thinks further rate hikes might be needed but is proceeding carefully, a summary of deliberations showed; the policy rate rose to 2.5% last month. The Canadian dollar neared a four-week low after US CPI data lifted the greenback, with USD/CAD at 1.41879 in late-afternoon trading, up 0.50%, and a Bank of Canada hike next month is seen at less than 50% odds. Oil was at US$86.49 in late-afternoon trading, down 0.41%, with Brent slipping below $90 on Iran peace hopes, and gold fell 1.91% to US$4,035.9. The S&P/TSX Venture Composite finished at 822.09, down 13.94 points or 1.67%, and the CSE Composite at 132.93, down 0.14 points or 0.11%.