North American stock markets down, loonie lower against US$

North American stock markets down, loonie lower against US$
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TORONTO — Canada’s main stock index posted a triple-digit decline in late-morning trading as U.S. stock markets continued to fall amid concerns about the impact of the novel coronavirus outbreak that began in China.

The S&P/TSX composite index was down 162.52 points at 17,400.22.

In New York, the Dow Jones industrial average was down 356.71 points at 27,604.09. The S&P 500 index was down 44.45 points at 3,181.44, while the Nasdaq composite was down 136.24 points at 9,085.04.

The Canadian dollar traded for 75.27 cents US compared with an average of 75.31 cents US on Monday.

The April crude contract was down 75 cents at US$50.68 per barrel and the April natural gas contract was up 1.5 cents at US$1.858 per mmBTU.

The April gold contract was down US$19.10 at US$1,657.50 an ounce and the March copper contract was up 0.20 of a cent at US$2.579 a pound.

This report by The Canadian Press was first published Feb. 25, 2020.

 

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

 

The Canadian Press

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