Toronto stock market has worst day in six weeks after U.S. markets plunged Monday

TORONTO — Canada’s main stock index had its worst day in six weeks, one day after U.S. markets plunged due to rising tensions between the United States and China.

The S&P/TSX composite index closed down 122.17 points at 16,149.49 after hitting an intraday low of 15,994.28 points. It was closed Monday due to the Civic Holiday in many provinces.

In New York, the Dow Jones industrial average partially rebounded Tuesday by gaining 311.78 points at 26,029.52. The S&P 500 index was up 37.03 points at 2,881.77, while the Nasdaq composite was up 107.23 points at 7,833.26.

The Canadian dollar traded at an average of 75.45 cents US, up slightly from an average of 75.61 cents US on Friday.

The September crude contract was US$53.63, down US$1.06 per barrel from Monday and the September natural gas contract was US$2.11, up 4.1 cents per mmBTU.

The December gold contract was at US$1,484.20 an ounce, up US$7.70 from Monday and the September copper contract was $2.56 a pound, up 1.35 cents.

Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD)

Just Posted

Jason Kenney’s approval rating down: poll

A new poll shows Premier Jason Kenney’s honeymoon may be over. The… Continue reading

Updated: Andrew Scheer to resign as Conservative leader

Decision comes after weeks of Conservative infighting following the October election

Suspicious activity report leads to arrest in Ponoka area

Three suspects had abandoned a badly damaged stolen vehicle in rural area

Alberta slump cited in court process to sell dozens of office buildings

CALGARY — A major player in Calgary’s depressed office real estate industry… Continue reading

Your community calendar

Friday The Annual Old-Fashioned Country Christmas is being held Dec. 13 at… Continue reading

Extension of Molly Bannister Drive is unwanted

Re: “Survey seeks public input on contentious plan,” Dec. 11. Congratulations to… Continue reading

Opinion by Joe Ceci: Jason Kenney is raising your taxes and hoping you won’t know it’s him

Re: “Rural Alberta RCMP detachments getting 500 new positions,” Dec. 5. Jason… Continue reading

Hamilton welder to carry Canada colours at World Darts Championship in London

Canadian Matt Campbell is expecting a wild scene when he takes centre… Continue reading

More rowers come forward with complaints about coach, criticism of UVic

Sarah Craven had her sights set on the Olympics. The 21-year-old was… Continue reading

Eastwood on ‘Richard Jewell,’ criticism and finding stories

LOS ANGELES — For his film “Richard Jewell,” Clint Eastwood takes aim… Continue reading

Ryan Reynolds says he related to Peloton actress’ plight

NEW YORK — Ryan Reynolds says he relates to the social media… Continue reading

Derailed train in Saskatchewan released 1.5 million litres of oil: TSB

LANIGAN, Sask. — The Transportation Safety Board says Monday’s fiery Canadian Pacific… Continue reading

Most Read