November 27th, 2020

North American stock markets down in early trading, loonie edges lower


By The Canadian Press on November 17, 2020.

A woman walks along King Street past the Scotiabank TSX sign, in Toronto, on January 4, 2016. THE CANADIAN PRESS/Nathan Denette

TORONTO – Canada’s main stock index fell with broad-based weakness in early trading, including losses in the key financial, industrial and metal and mining sectors, while U.S. stock markets also lost ground.

The S&P/TSX composite index was down 89.16 points at 16,800.65.

In New York, the Dow Jones industrial average was down 330.79 points at 29,619.65. The S&P 500 index was down 25.59 points at 3,601.32, while the Nasdaq composite was down 26.37 points at 11,897.76.

The Canadian dollar traded for 76.35 cents US compared with 76.42 cents US on Monday.

The December crude contract was down 35 cents at US$40.99 per barrel and the December natural gas contract was up a penny at US$2.71 per mmBTU.

The December gold contract was down 60 cents at US$1,887.20 an ounce and the December copper contract was down three cents at US$3.19 a pound.

This report by The Canadian Press was first published Nov. 17, 2020.

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

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