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North American stock markets down in early trading, loonie also moves lower

Written by on October 15, 2020

TORONTO — Canada’s main stock index posted a triple-digit decline in early trading in a broad-based drop at the Toronto Stock Exchange, while U.S. stock markets also fell.

The S&P/TSX composite index was down 120.75 points at 16,334.65.

In New York, the Dow Jones industrial average was down 244.13 points at 28,269.87. The S&P 500 index was down 35.86 points at 3,452.81, while the Nasdaq composite was down 142.77 points at 11,625.96.

The Canadian dollar traded for 75.59 cents US compared with 76.11 cents US on Wednesday.

The December crude contract was down US$1.49 at US$39.85 per barrel and the November natural gas contract was up 14 cents at US$2.77 per mmBTU.

The December gold contract was down US$8.60 at US$1,898.70 an ounce and the December copper contract was down a penny at US$3.04 a pound.

This report by The Canadian Press was first published Oct. 15, 2020.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press