TORONTO – Canada’s main stock index was down more than 300 points in late-morning trading, weighed down by losses in the energy and base metal sectors, while U.S. stock markets also fell.
The S&P/TSX composite index was down 315.46 points at 23,030.72.
In New York, the Dow Jones industrial average was down 452.06 points at 41,111.02. The S&P 500 index was down 78.41 points at 5,569.99, while the Nasdaq composite was down 392.69 points at 17,320.93.
The Canadian dollar traded for 73.80 cents US compared with 74.12 cents US on Friday.
The October crude oil contract was down US$2.75 at US$70.80 per barrel and the October natural gas contract was up a penny at US$2.14 per mmBTU.
The December gold contract was down US$16.00 at US$2,511.60 an ounce and the December copper contract was down 13 cents at US$4.08 a pound.
This report by The Canadian Press was first published Sept. 3, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
