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North American stock markets fall in early trading to start the week, loonie down

Written by on February 22, 2021

TORONTO — Losses in the industrial and utility sectors weighed on the Toronto market in early trading as Canada’s main stock index fell, while U.S. stock markets also moved lower.

The S&P/TSX composite index was down 22.05 points at 18,362.22.

In New York, the Dow Jones industrial average was down 203.94 points at 31,290.38. The S&P 500 index was down 31.13 points at 3,875.58, while the Nasdaq composite was down 197.84 points at 13,676.62.

The Canadian dollar traded for 79.12 cents US compared with 79.28 cents US on Friday.

The April crude oil contract was up US$1.22 at US$60.48 per barrel and the April natural gas contract was down nine cents at US$2.90 per mmBTU.

The April gold contract was up US$19.80 at US$1,797.20 an ounce and the March copper contract was up four cents at US$4.12 a pound.

This report by The Canadian Press was first published Feb. 22, 2021.

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

The Canadian Press