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Canada’s main stock index snapped a two-day recovery as market volatility continued ahead of interest rate news this week from the U.S. Federal Reserve.

The S&P/TSX composite index closed down 90.74 points at 16,213.31.

In New York, the Dow Jones industrial average was down 173.35 points at 25,962.44. The S&P 500 index was down 23.14 points at 2,900.51, while the Nasdaq composite was down 54.25 points at 7,948.56.

The Canadian dollar traded for an average of US75.06¢ compared with an average of US75.20¢ on Monday.

The October crude contract was down one cent at US$56.13 per barrel and the September natural gas contract was up US0.8¢ at US$2.22 per mmBTU.

The December gold contract was up US$4.10 at US$1,515.70 an ounce and the September copper contract was down US2.35¢ at US$2.58 a pound.