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09/09/2016

Toronto Stock Exchange loses nearly 300 points, Canadian dollar drops

The Toronto Stock Exchange's main index plummeted nearly 300 points by late afternoon, dragged down by plunging energy stocks.

 

The S&P/TSX composite index was down 286.66 points at 14,516.60 before 2 p.m. ET.

 

The last time the market saw a loss of such magnitude was on June 24 — the day after the United Kingdom voted to leave the European Union.

 

At that time, the index dropped 239.50 points and closed at 13,891.88.

 

In New York, the Dow Jones industrial average fell 292.56 points to 18,187.35 and the Nasdaq composite lost 107.34 points to 5,152.15.

 

The S&P 500 shed 40.66 points at 2,140.64.

 

The Canadian dollar dropped 0.69 of a cent to 76.64 cents US.

 

The October crude contract was down $1.76 at US$45.86 per barrel and October natural gas was down 14 cents at US$2.82 per mmBTU.

 

The December gold contract fell $7.20 to US$1,334.40 an ounce and December copper contracts were down more than a cent at US$2.09 a pound.



    Editor:Albert | Source: The Canadian Press


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