North American stock markets down in early trading, loonie also falls

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TORONTO — The industrial and metals and mining sectors led a broad decline as Canada’s main stock index fell in early trading, while U.S. stock markets also dropped.

The S&P/TSX composite index was down 223.46 points at 17,555.95.

In New York, the Dow Jones industrial average was down 432.20 points at 30,504.84. The S&P 500 index was down 59.92 points at 3,789.70, while the Nasdaq composite was down 264.89 points at 13,361.17.

The Canadian dollar traded for 78.17 cents US compared with 78.73 cents US on Tuesday.

The March crude oil contract was down 18 cents at US$52.43 per barrel and the March natural gas contract was up five cents at US$2.69 per mmBTU.

The February gold contract was down US$12.20 at US$1,838.70 an ounce and the March copper contract was down eight cents at US$3.54 a pound.

This report by The Canadian Press was first published Jan. 27, 2021.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

 

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