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

Nanaimo bylaw officers on the lookout for COVID-19 control infractions

Bylaw and health officers watch for health order infractions, citizens can call in complaints

Nanaimo arenacross racer wins double championship

Sebastian Sulyok takes first overall on Futures West 85cc series

Nanaimo, Royal Jubilee to be Vancouver Island’s COVID-19 frontline hospitals

Other Island hospitals will be admitting COVID-19 patients and will be used in a support role

Nanaimo barbershop quartet records musical tribute to Dr. Bonnie Henry

Ode to provincial health officer is to the tune of a singing valentine

Nanaimo school district uses contingency fund for emergency school repairs

Nanaimo district staff expect about $2.7 million as its annual facilities grant from the province

B.C. clears more acute hospital beds as COVID-19 case growth slows

Province holding about 40% of beds empty for peak still to come

Here’s how to talk to people who aren’t taking physical distancing seriously

Approach the conversation with empathy says conflict expert

Nanaimo will be the community hardest-hit by ferry layoffs, union says

B.C. Ferry and Marine Workers’ Union looking at its legal options

75-year-old woman rescued from Cowichan Lake

Victim taken to hospital, but expected to recover

Not to become bored the game plan for COVID-19

Board game with an Island map developed by Island family just the remedy for filling time at home

As 500K+ apply for emergency benefit, Trudeau says aid coming for Canadians left behind

Canada Emergency Response Benefit provides $2,000 per month

UPDATE: UK PM Boris Johnson moved to intensive care after COVID-19 symptoms worse

He has been quarantined in his Downing St. residence since being diagnosed with COVID-19 on March 26

Travellers, travel agents ‘in agony’ over refund policies and customer service

Many Canadian carriers are offering customers flights rebookings or travel vouchers — but not refunds

Most Read