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

Just Posted

School boards in Sylvan Lake announce layoffs due to COVID-19 funding cuts

RDCRS and Chinook’s Edge say the layoffs of bus drivers and educational assistants are temporary

Sylvan Lake man wins STARS Lottery grand prize

The grand prize winners were all from Central Alberta, including Sheldon Mudry from Sylvan Lake

Red Deer County has three new confirmed COVID-19 cases

Government says Alberta up to 1,181 total cases

A message from the publisher

Consider a voluntary subscription to Sylvan Lake News

Woman scared for brother in Calgary long-term care home with COVID-19 deaths

Woman scared for brother in Calgary long-term care home with COVID-19 deaths

Person connected to Red Deer College tests positive for COVID-19

‘I wish this individual well,’ says president

COVID-19 crisis distracting from flood-prone First Nation’s plight: NDP

COVID-19 crisis distracting from flood-prone First Nation’s plight: NDP

Judge sides with woman accused of spying for Russia, orders new hearing

Judge sides with woman accused of spying for Russia, orders new hearing

Most Read