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

Just Posted

No more ferries will sail from Departure Bay during COVID-19 pandemic

B.C. Ferries announces major changes to sailing schedules starting Saturday, April 4

Suspect with pellet gun draws serious police response in downtown Nanaimo

Officers respond with guns drawn at Port Place shopping centre

COVID-19: Nanoose Bay woman celebrates 90th birthday with Model T ride as neighbours line streets

WATCH: Pandemic ruined plans for a party, so friends got creative

People resort to home haircuts or #coronacuts as pandemic continues

Quarantine haircuts posted on socialmedia with #coronacuts

Nanaimo merchants struggle to find a new ‘business as usual’ during COVID-19 pandemic

Some businesses trying to make do with delivery, takeout or online sales

VIDEO: UVic Engineering to 3-D print 4,000 face-shields for frontline workers

Team working to ensure Island health care workers have personal protective equipment

Don’t stop going to the doctor, just do it virtually: B.C. association

Doctors encourage patients to access telephone, online visits

Couple won’t self-isolate after returning from overseas: Cowichan by-law

New law requires 14 days of self-isolation when returning to Canada

Comox Valley handyDART offers free grocery delivery

The handyDART service in the Comox Valley is offering free deliveries for… Continue reading

Businesses advised to prepare for federal, B.C. COVID-19 assistance

Canada Revenue Agency portal expected to open next week

Dogs are property, not kids, B.C. judge tells former couple

Court decision made on competing lawsuits over Zeus and Aurora — a pit bull and pit bull cross

B.C. senior gives blood for 200th time, has ‘saved’ 600 lives

There was no cutting of cake for Harvey Rempel but he’s challenging youth to start donating blood

Trudeau commits $100M to help food banks amid COVID-19 crisis

Funds will help ‘urgent food needs’ for Canadians awaiting federal emergency benefits to kick in

How well can cell phones carry COVID-19? Disinfecting may be wise

‘You want to keep it as clean as you would normally your hands’

Most Read