North American stock markets lower at late-morning, loonie edges higher

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TORONTO — Canada’s main stock index posted a triple-digit decline, weighed down by losses in the energy, materials and technology sectors, while U.S. markets fell amid worries about trade tensions between the U.S. and China.

The S&P/TSX composite index was down 169.77 points to 16,280.37, after 90 minutes of trading.

In New York, the Dow Jones industrial average was down 281.66 points to 24,299.23. The S&P 500 index was down 30.99 points to 2,723.89 and the Nasdaq composite index was down 133.98 points to 7,558.84.

Technology companies came under pressure after a report that the Trump administration will limit technology exports to China as well as investment by China.

The Canadian dollar was trading at 75.17 cents US, up from an average value of 75.14 cents US on Friday.

The August crude contract was down eight cents to US$68.50 per barrel and the August natural gas contract was down three cents to US$2.91 per mmBTU.

The August gold contract was down US$2.40 cents to US$1,268.30 an ounce and the July copper contract was down two cents to US$3.01 a pound.

The Canadian Press

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