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

Canadian police to make home visits to enforce mandatory quarantine for travellers

Police forces have been asked to help verify Canadians are complying with the Quarantine Act

IHIT identifies victim in Surrey shooting homicide

Pritpal Singh, 21, was shot and killed outside of a Surrey home, police say

COVID-19: Daily update on the pandemic in Surrey, White Rock and beyond

APRIL 9: B.C.’s COVID-19 death toll reaches 50

Cloverdale high school teacher chats about teaching and life during the COVID-19 crisis

Surrey’s Walter van Halst sits down for an informal ‘virtual’ coffee to discuss education’s current new reality

33-storey Whalley highrise, first of three phases, moves to public hearing

Councillors raise concerns about school overcrowding, green roofs

VIDEO: Easter festivities may be scaled back, but it can still be a fun holiday

COVID-19 circumstances have dictated that the holidays may not be perfect

COVID-19 world update: U.S. to start antibody tests; drones enforce lockdown in Italy

Comprehensive update of coronavirus news from around the world

Lower Mainland hunting store sees 200% increase in firearm sales

Co-owner of Wanstalls says increase due to a variety of reasons

People needing addiction services feeling ‘abandoned’ during pandemic

The province is trying to increase access to addiction care through a phone line of experts, doctors

COVID-19: B.C. ER nurse self-isolates in travel trailer, apart from family

Marcia Kent says situation is difficult but worth it to keep twin boys safe

Cancellations of plant orders prompt advent of pop-up garden shops

A Langley nursery is partnering with local eateries to sell 40 acres of veggie plants and flowers

B.C. unveils $5M for mental health supports during the COVID-19 pandemic

Will include virtual clinics and resources for British Columbians, including front-line workers

B.C.’s COVID-19 rent supplement starts taking applications

$300 to $500 to landlords for April, May and June if eligible

Reality TV show about bodybuilders still filming in Okanagan, amid COVID-19

Five bodybuilders from across the country flew to Kelowna to move into a house for a reality TV show

Most Read

l -->