A Toronto Stock Exchange ticker is seen at The Exchange Tower in Toronto on Thursday, August 18 2011. THE CANADIAN PRESS/Aaron Vincent Elkaim

North American stock markets start the trading week down, loonie falls

S&P/TSX composite index was down 225.93 points at 11,625.88, shortly after the start of trading

Canada’s main stock index plunged more than 200 points to start the trading week as the financial sector, which includes the country’s big banks, fell.

The S&P/TSX composite index was down 225.93 points at 11,625.88, shortly after the start of trading.

In New York, the Dow Jones industrial average was down 578.81 points at 18,595.17. The S&P 500 index was down 66.42 points at 2,238.50, while the Nasdaq composite was down 116.54 points at 6,762.98.

The Canadian dollar traded for 69.21 cents US compared with an average of 69.77 cents US on Friday.

The May crude contract was up seven cents at US$22.70 per barrel and the May natural gas contract was down 1.4 cents at US$1.661 per mmBTU.

The April gold contract was up US$36.00 at US$1,520.60 an ounce and the May copper contract was down 8.10 cents at US$2.0905 a pound.

READ MORE: It could take 3 years for stock market to recover, says B.C. economist

The Canadian Press


Like us on Facebook and follow us on Twitter.

Coronaviruseconomy

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

B.C. Supreme Court dismisses claim against Island Corridor Foundation

Snaw-Naw-As (Nanoose) First Nation was seeking return of reserve land as railway sits unused

What’s in a name? Ladysmith’s historical streets re-examined

Several streets in downtown Ladysmith are named after generals that served in the Boer War

QUIZ: Put your knowledge of Canada to the test

How much do you know about our country?

Retired Ladysmith master mariner publishes memoir of a life at sea

John Anderson’s book: Of Times and Tides is a vivid memoir of decades in the shipping industry

Facing changes together: Your community, your journalists

We’re asking you to lock arms with us, as we look to better days ahead

‘Mind boggling’: B.C. man $1 million richer after winning Lotto 6/49 a second time

David O’Brien hopes to use his winnings to travel and of course keep playing the lottery

White-throated sparrows have changed their tune, B.C. study unveils

Study marks an unprecedented development scientists say has caused them to sit up and take note

B.C. teacher loses licence after sexual relationships with two recently-graduated students

The teacher won’t be allowed to apply for a teaching certificate until 2035

Lower Mainland teacher facing child pornography charges

Elazar Reshef, 52, has worked in the Delta School District

Man who rammed gate near Trudeau residence with truck faces multiple charges

The man, who police have not yet officially identified, will be charged with multiple offences

All community COVID-19 outbreaks declared over in B.C.

Abbotsford manufacturer cleared by Dr. Bonnie Henry

Kelowna RCMP commander calls for more nurses during wellness checks after complaint

Southeast District Commander wants to increase Police and Crisis Team program

Most Read