TORONTO – Canada’s main stock index plunged at the start of trading as stocks in the key financial and industrial sectors sank lower, while U.S. markets also stepped back.
The S&P/TSX composite index was down 211.30 points at 14,291.91.
In New York, the Dow Jones industrial average was down 282.42 points at 22,965.55. The S&P 500 index was down 32.43 points at 2,787.57, while the Nasdaq composite was down 81.62 points at 8,781.55.
The Canadian dollar traded for 70.86 cents US compared with an average of 71.06 cents US on Wednesday.
The July crude contract was up 74 cents at US$ 26.42 per barrel and the June natural gas contract was up two cents at US$ 1.64 per mmBTU.
The June gold contract was up US$ 6.80 at US$ 1,723.20 an ounce and the July copper contract was down two cents at nearly US$ 2.33 a pound.
This report by The Canadian Press was first published May 14, 2020.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)