North American stock markets down in early trading, loonie loses ground

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TORONTO — Canada’s main stock index posted a triple-digit decline in early trading as the heavyweight financial and industrial sectors lost ground and U.S. stock markets also retreated.

The S&P/TSX composite index was down 182.27 points at 16,113.39.

In New York, the Dow Jones industrial average was down 298.18 points at 27,734.20. The S&P 500 index was down 42.14 points at 3,343.35, while the Nasdaq composite was down 190.89 points at 10,859.58.

The Canadian dollar traded for 75.64 cents US compared with  75.94 cents US on Wednesday.

The October crude contract was down 23 cents at US$39.93 per barrel and the October natural gas contract was down 10 cents at US$2.17 per mmBTU.

The December gold contract was down US$27.60 at US$1,942.90 an ounce and the December copper contract was down three cents at US$3.03 a pound.

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