North American stock markets down in early trading, loonie climbs higher

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Loonie

TORONTO — Canada’s main stock index fell in early trading as the telecom, industrial and technology sectors led the way lower, while U.S. stock markets also dropped.

The S&P/TSX composite index was down 41.08 points at 17,518.78.

In New York, the Dow Jones industrial average was down 69.27 points at 29,999.54. The S&P 500 index was down 11.87 points at 3,660.95, while the Nasdaq composite was down 53.28 points at 12,285.67.

The Canadian dollar traded for 78.37 cents US compared with 78.11 cents US on Wednesday.

The January crude contract was up 95 cents at US$46.47 per barrel and the January natural gas contract was up three cents at US$2.47 per mmBTU.

The February gold contract was up US$7.20 at US$1,845.70 an ounce and the March copper contract was up six cents at US$3.57 a pound.

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