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North American stock markets plunge in late-morning trading, loonie down

TORONTO — Canada’s main stock index was down more than 300 points in late-morning trading as commodity prices plunged and U.S. stock markets also fell.

The S&P/TSX composite index was down 369.30 points at 15,829.67.

In New York, the Dow Jones industrial average was down 935.42 points at 26,722.00. The S&P 500 index was down 88.52 points at 3,230.95, while the Nasdaq composite was down 241.30 points at 10,551.98.

The Canadian dollar traded for 75.15 cents US compared with 75.84 cents US on Friday.

The November crude contract was down US$2.01 at US$39.31 per barrel and the October natural gas contract was down nearly 22 cents at US$1.83 per mmBTU.

The December gold contract was down US$56.00 at US$1,906.10 an ounce and the December copper contract was down nearly eight cents at US$3.04 a pound.

This report by The Canadian Press was first published Sept. 21, 2020.

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

The Canadian Press

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