TORONTO — Canada’s main stock index was down nearly 100 points in late-morning trading, weighed down by losses in base metal stocks, while U.S. stock markets also fell.

The S&P/TSX composite index was down 97.97 points at 23,903.58.

In New York, the Dow Jones industrial average was down 196.05 points at 42,000.47. The S&P 500 index was down 14.66 points at 5,694.88, while the Nasdaq composite was down 24.06 points at 17,901.06.

The Canadian dollar traded for 73.88 cents US compared with 74.12 cents US on Wednesday.

The November crude oil contract was up US$2.87 at US$72.97 per barrel and the November natural gas contract was up seven cents at US$2.96 per mmBTU.

The December gold contract was up US$2.40 at US$2,672.10 an ounce and the December copper contract was down 12 cents at US$4.53 a pound.

This report by The Canadian Press was first published Oct. 3, 2024.

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

The Canadian Press