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S&P/TSX composite losses deepen as sell-off extends to fourth straight day


Canada’s main stock index declined for a fourth straight trading session Wednesday to end the month of August with investor sentiment squarely in the risk-off camp.

The S&P/TSX composite index closed down 182.09 points at 19,330.81.

In New York, stock markets also fell for the fourth day in a row. The Dow Jones industrial average closed down 280.44 points at 31,510.43. The S&P 500 index was down 31.16 points at 3,955.00, while the Nasdaq composite closed down 66.94 points at 11,816.20.

“It’s really been an ugly end to the month here, giving back all of those gains that we had a few weeks ago,” said Greg Taylor, chief investment officer with Purpose Investments.

“I thought there’d be a little bit more of a bounce into month-end. There usually is, and we haven’t really got there.”

Global equities markets have been slumping since last Friday, when a hawkish speech by Fed chair…

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