Stock markets cap off strong year on a soft note, as oil and gold prices retract

Major equity markets in Toronto and New York capped off a strong performing year Thursday with a whimper, much like how it began 2016, as most commodities softened. The S&P/TSX composite index, which had been flat at the start of the session, lost 134.53 points at 15,287.59 by day’s end – weighed down by a broad decline in nearly all sectors with the biggest losses coming from gold, materials and metals stocks.