North American stock markets fall at the start of trading, loonie edges up

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TORONTO — The financial and industrial sectors led a broad-based decline as Canada’s main stock index plunged at the start of trading today, while U.S. stock markets also fell.

The S&P/TSX composite index was down 411.47 points at 12,967.28.

In New York, the Dow Jones industrial average was down 660.18 points at 21,256.98. The S&P 500 index was down 80.07 points at 2,504.52, while the Nasdaq composite was down 190.20 points at 7,509.90.

The Canadian dollar traded for 70.57 cents US compared with an average of 70.49 cents US on Tuesday.

The May crude contract was down six cents at US$20.42 per barrel and the May natural gas contract was down 1.8 cents at US$1.62 mmBTU.

The June gold contract was down US$5.80 at US$1,590.80 an ounce and the May copper contract was down 6.80 cents at US$2.16 a pound.

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