TSX, loonie, crude oil futures plunge

TORONTO -- Canada's biggest stock market, the loonie and crude oil futures were down Friday morning but above their early lows.

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The Toronto Stock Exchange's S&P/TSX index was down about two per cent, dropping 286.94 points to 12,049.09 after two hours hour of trading. The market opened the day down 341.68 points, or 2.8 per cent.

In New York, the Dow Jones average of 30 stocks was down 2.4 per cent or 386.89 points at 15,992.16, while the S&P 500 index declined 2.4 per cent or 45.44 points to 1,876.40 and the Nasdaq dropped 3.3 per cent or 140.92 points to 4,132.04.

Meanwhile the Canadian dollar was at 68.95 cents US, down 0.72 from Thursday's close but up from the overnight low of 68.74 cents US, the currency's lowest since April 2003.

On commodity markets, February crude oil futures traded at US$29.52 a barrel at about 11:30 a.m. ET, down $1.68 from Thursday's close, and gold futures were up $15.50 at US$1.089.10.



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