10/30/2015 04:49 EDT | Updated 10/30/2015 04:59 EDT

TSX Ends Week With A 262-Point Dive


TORONTO — The Toronto stock market finished its last trading day of the month with a major loss amid a widespread decline in the heavily weighted financial sector and a further plunge in the stock price of trouble-plagued Valeant Pharmaceuticals International.

The S&P/TSX composite index was down 262.71 points at 13,529.17.

The loonie rose 0.53 of a U.S. cent to 76.48 cents U.S.

In New York, the Dow Jones industrial average lost 92.26 points to 17,663.54, while the S&P 500 gave back 10.05 points to 2,079.36 and the Nasdaq shed 20.52 points to 5,053.75.

On commodity markets, the December benchmark crude oil contract was up 53 cents at US$46.59 a barrel, while December natural gas advanced six cents to US$2.32 per mmBtu.

December gold was down $5.90 at US$1,141.40 an ounce.