TORONTO — Canada’s main stock index was down in late-morning trading as losses in the energy sector piled up as the price of oil fell and U.S. stock markets also plunged lower.
The S&P/TSX composite index was down 82.64 points at 16,135.37.
In New York, the Dow Jones industrial average was down 428.26 points at 27,705.05. The S&P 500 index was down 59.84 points at 3,367.12, while the Nasdaq composite was down 266.91 points at 11,046.23.
The Canadian dollar traded for 75.89 cents US compared with 76.40 cents US on Friday.
The October crude contract was down US$3.34 at US$36.43 per barrel and the October natural gas contract was down 10 cents at US$2.48 per mmBTU.
The December gold contract was down US$5.00 at US$1,929.30 an ounce and the December copper contract was down nearly a nickel at US$3.02 a pound.
This report by The Canadian Press was first published Sept. 8, 2020
