U.S. and Canadian stock markets fall in late-morning trading, loonie up

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TORONTO — Canada’s main stock index fell in late-morning trading as the heavyweight financial, industrial and materials sectors moved lower.

The S&P/TSX composite index was down 48.53 points at 16,948.44.

In New York, the Dow Jones industrial average was down 45.57 points at 27,969.49. The S&P 500 index was down 0.82 of a point at 3,145.09, while the Nasdaq composite was down 0.43 of a point at 8,656.10.

The Canadian dollar traded for 75.60 cents US compared with an average of 75.44 cents US on Friday.

The January crude contract was down 33 cents at US$58.87 per barrel and the January natural gas contract was down 11.6 cents at US$2.22 per mmBTU.

The February gold contract was up 20 cents at US$1,465.30 an ounce and the March copper contract was up 2.7 cents at US$2.75 a pound.

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