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

Published March 29, 2021 at 9:08 pm

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The energy and base metals sectors helped lead a broad-based decline as Canada’s main stock index posted a triple-digit decline in late-morning trading, while U.S. stock markets also pulled back.

The S&P/TSX composite index was down 133.02 points at 18,619.56.

In New York, the Dow Jones industrial average was down 137.40 points at 32,935.48. The S&P 500 index was down 27.73 points at 3,946.81, while the Nasdaq composite was down 157.16 points at 12,981.57.

The Canadian dollar traded for 79.40 cents US compared with 79.49 cents US on Friday.

The May crude contract was down 52 cents at US$60.45 per barrel and the May natural gas contract was down three cents at US$2.59 per mmBTU.

The June gold contract was down US$23.10 at US$1,711.60 an ounce and the May copper contract was down five cents at US$4.01 a pound.

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