TORONTO – Canada’s main stock index was down more than 300 points in late-morning trading despite strength in energy stocks as the price of oil climbed, while U.S. stock markets also fell.
The S&P/TSX composite index was down 321.02 points at 24,752.34.
In New York, the Dow Jones industrial average was down 618.02 points at 42,017.18. The S&P 500 index was down 92.00 points at 5,826.25, while the Nasdaq composite was down 371.18 points at 19,107.70.
The Canadian dollar traded for 69.27 cents US compared with 69.47 cents US on Thursday.
The February crude oil contract was up US$1.70 at US$75.62 per barrel and the February natural gas contract was up 25 cents at US$3.96 per mmBTU.
The February gold contract was up US$27.50 at US$2,718.30 an ounce and the March copper contract was down a penny at US$4.30 a pound.
This report by The Canadian Press was first published Jan. 10, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
