TSX recap: Index down 1.21% in broad decline

Canada's main stock index fell more than 250 points in a broad-based decline Wednesday, while U.S. stock markets also fell.

The S&P/TSX Composite Index closed down 253.07 points, or 1.21 per cent, at 20,695.02.

In New York, the Dow Jones Industrial Average was down 94.45 points at 37,266.67. The S&P 500 Index was down 26.77 points at 4,739.21, while the Nasdaq Composite was down 88.72 points at 14,855.62.

The Canadian dollar traded for 73.95 cents U.S. compared with 74.17 cents U.S. on Tuesday.