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North American stock markets start the trading week down

Last Updated Mar 23, 2020 at 8:04 am PDT

FILE - The TSX is shown on a business news ticker is seen in the Financial District in Toronto on March 9, 2020. THE CANADIAN PRESS/Cole Burston
Summary

The S&P/TSX composite index was down 225.93 points at 11,625.88, shortly after the start of trading

Dow Jones industrial average was down 578.81 points at 18,595.17 in New York

The Loonie traded for 69.21 cents US compared with an average of 69.77 cents US on Friday

TORONTO – Canada’s main stock index plunged more than 200 points to start the trading week as the financial sector, which includes the country’s big banks, fell.

The S&P/TSX composite index was down 225.93 points at 11,625.88, shortly after the start of trading.

In New York, the Dow Jones industrial average was down 578.81 points at 18,595.17. The S&P 500 index was down 66.42 points at 2,238.50, while the Nasdaq composite was down 116.54 points at 6,762.98.

The Canadian dollar traded for 69.21 cents US compared with an average of 69.77 cents US on Friday.

The May crude contract was up seven cents at US$22.70 per barrel and the May natural gas contract was down 1.4 cents at US$1.661 per mmBTU.

The April gold contract was up US$36.00 at US$1,520.60 an ounce and the May copper contract was down 8.10 cents at US$2.0905 a pound.