TORONTO — Canada’s main stock index plummeted on Thursday, extending its losses amid concerns about how quickly the North American economy can rebound from the COVID-19 pandemic.
The S&P/TSX composite index closed down 650.41 points at 15,050.92 after dropping 132.41 points on Wednesday, a loss of more than four per cent.
In New York, the Dow Jones industrial average was down 1,861.8, or 6.9 per cent at 25,128.17. The S&P 500 index was down 188.04 points at 3,002.10, while the Nasdaq composite was down 527.62 points at 9,492.73.
The Canadian dollar traded for 73.78 cents US compared with 74.68 cents US on Wednesday.
The July crude contract was down US$3.26 at US$36.34 per barrel and the July natural gas contract was up 3.3 cents at US$1.81 per mmBTU.
The August gold contract was up US$19.10 at US$1,739.80 an ounce and the July copper contract was down seven cents at US$2.59 a pound.
This report by The Canadian Press was first published June 11, 2020.
