Energy stocks lead Toronto stocks lower, while U.S. markets also sink
Posted Dec 10, 2018 11:18:15 AM.
This article is more than 5 years old.
TORONTO — Canada’s main stock index posted a triple-digit decline in late-morning trading on broad-based weakness led by the energy sector, while U.S. markets also sank deep into the red.
The S&P/TSX composite index was down 145.04 points at 14,650.09.
In New York, the Dow Jones industrial average was down 476.32 points at 23,912.63. The S&P 500 index was down 44.87 points at 2,588.21, while the Nasdaq composite was down 71.65 points at 6,897.60.
The Canadian dollar traded lower at 74.62 cents US compared with an average of 75.19 cents US on Friday.
The January crude contract was down 68 cents at US$51.93 per barrel and the January natural gas contract was down 4.3 cents at US$4.44 per mmBTU.
The February gold contract was down 90 cents at US$1,251.70 an ounce and the March copper contract was down 3.5 cents at US$2.72 a pound.
Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD=X)
The Canadian Press
