TSX recap: Index falls 1.21% on base metal, telecom losses

Canada's main stock index was down more than one per cent Friday with broad-based losses led by financial, telecom and base metal stocks, while U.S. markets also fell to close the week.

The S&P/TSX Composite Index closed down 233.17 points, or 1.21 per cent, at 19,115.64.

In New York, the Dow Jones Industrial Average was down 286.89 points at 33,127.28. The S&P 500 Index was down 53.84 points at 4,224.16, while the Nasdaq Composite was down 202.37 points at 12,983.81.

Continued pressure from the bond market and uncertainty about the near future have been stoking caution in the equity market, said John Zechner, chairman and lead equity manager at J Zechner Associates.