TORONTO — Canada’s main stock index posted a triple-digit decline in late-morning trading as the technology, metals and mining and utilities sectors moved lower, while U.S. stock markets also plunged.
The S&P/TSX composite index was down 267.56 points at 16,430.41.
In New York, the Dow Jones industrial average was down 773.55 points at 28,326.95. The S&P 500 index was down 123.34 points at 3,457.50, while the Nasdaq composite was down 590.36 points at 11,466.08.
The Canadian dollar traded for 76.02 cents US compared with 76.53 cents US on Wednesday.
The October crude contract was down 84 cents at US$40.67 per barrel and the October natural gas contract was up six cents at US$2.55 per mmBTU.
The December gold contract was down 10 cents at US$1,944.60 an ounce and the December copper contract was down a nickel at US$2.97 a pound.
This report by The Canadian Press was first published Sept. 3, 2020
