TORONTO – Canada’s main stock index was down more than 100 points in late-morning trading, weighed down by losses in the telecommunications and energy sectors, while U.S. stock markets also fell.
The S&P/TSX composite index was down 119.63 points at 21,578.48.
In New York, the Dow Jones industrial average was down 150.75 points at 38,496.35. The S&P 500 index was down 14.79 points at 5,418.95, while the Nasdaq composite was down 18.77 point at 17,648.79.
The Canadian dollar traded for 72.74 cents US compared with 72.75 cents US on Thursday.
The August crude oil contract was down 31 cents at US$77.95 per barrel and the July natural gas contract was down three cents at US$2.93 per mmBTU.
The August gold contract was up US$25.00 at US$2,343.00 an ounce and the July copper contract was down less than a…
