Canada's main stock index declined Thursday, led by losses in utilities, base metals and telecom, while U.S. markets also fell after the latest report on inflation south of the border. 

The S&P/TSX Composite Index closed down 163.60 points, or 0.83 per cent, at 19,500.24.

In New York, the Dow Jones Industrial Average was down 173.73 points at 33,631.14. The S&P 500 Index was down 27.34 points at 4,349.61, while the Nasdaq Composite was down 85.46 points at 13,574.22.

The Canadian dollar traded for 73.22 cents U.S. compared with 73.51 cents U.S. on Wednesday.

The November crude contract was down 58 cents at US$82.91 per barrel and the November natural gas contract was down three cents at US$3.34 per mm/BTU.

The December gold contract was down US$4.30 at US$1,883.00 an ounce and the December copper contract was down two cents at US$3.59 a pound.

This report by The Canadian Press was first published Oct. 12, 2023.