North American stock markets down in late-morning trading, loonie down

TORONTO — Losses in the energy and industrial sectors led Canada’s main stock index lower in late-morning trading as U.S. stock markets also fell after China announced it would retaliate against the most recent round of tariffs imposed by the U.S.

The S&P/TSX composite index was down 65.06 points at 16,188.40.

In New York, the Dow Jones industrial average was down 310.25 points at 25,941.99. The S&P 500 index was down 37.89 points at 2,885.06, while the Nasdaq composite was down 115.98 points at 7,875.41.

The Canadian dollar traded for 75.20 cents US, compared with an average of 75.23 cents US on Thursday.

The October crude contract was down US$1.64 at US$53.71 per barrel and the October natural gas contract was down 0.4 of a cent at US$2.16 per mmBTU.

The December gold contract was up US$24.40 at US$1,532.90 an ounce and the September copper contract was down 1.15 cents at US$2.55 a pound.

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