TORONTO — Surging global COVID-19 infections and lagging U.S. stimulus talks sent North American stock markets lower with Canada’s main index facing a broad-based decline led by energy.
The S&P/TSX composite index closed down 224.53 points or 1.4 per cent to 16,079.55.
In New York, the Dow Jones industrial average was down 650.19 points at 27,685.38. The S&P 500 index was down 64.42 points at 3,400.97, while the Nasdaq composite was down 189.34 points at 11,358.94.
The Canadian dollar traded for 75.75 cents US compared with 76.10 cents US on Friday.
The December crude contract was down US$1.29 at US$38.56 per barrel and the December natural gas contract was up 5.8 cents at US$3.25 per mmBTU.
The December gold contract was up 50 cents at US$1,905.70 an ounce and the December copper contract was down nearly four cents at US$3.09 a pound.
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This report by The Canadian Press was first published Oct. 26, 2020.
