The S & P / TSX composite plunges, while US stocks also fall; The loonie sinks lower

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TORONTO – Canada’s largest market index was down more than 400 points due to concerns about the speed of economic recovery from the pandemic and fears of a second wave of infections.

The S & P / TSX composite index lost 446.84 points to 15,254.49.

In New York, the Dow Jones industrial average was down 991.15 points to 25,998.84. The S&P 500 lost 98.08 points to 3,092.06, while the Nasdaq composite lost 216.70 points to 9,803.65.

The Canadian dollar traded at 73.84 cents US versus 74.68 cents US on Wednesday.

The July contract for crude oil decreased from US $ 3.24 to US $ 36.36 per barrel and the July contract for natural gas increased by one penny to US $ 1.79 per mmBTU.

The August gold contract rose from US $ 28.40 to US $ 1,750.30 an ounce and the July copper contract fell nearly five cents to US $ 2.61 per pound.

This report from The Canadian Press was first published on June 11, 2020.

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

The Canadian Press

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