Toronto and U.S. stock indexes fall, loonie down Monday morning

TORONTO -- Canada's dollar and the Toronto Stock Exchange were down Monday morning.

The loonie was at 70.18 cents US at 11:15 a.m.

See Full Article

, down 0.49 cent from Friday's close.

The Toronto Stock Exchange's S&P/TSX index dropped 169.44 points to 12,220.14. That offset a 354-point increase on Friday.

The Dow Jones Industrial average was down 120.29 points to 15,973.22. The broader S&P 500 index declined 17.19 points to 1,889.71 and the Nasdaq 100 lost 24.33 points to 4,235.44

On the commodity markets, the February gold contract rose to US$1,106.80 an ounce. The March crude contract was initially down but was later up $1.43 at US$30.96 per barrel. Earlier, crude traded as low as US$29.53 a barrel.



Advertisements

Latest Economic News

  • Ontario's NDP must face the cruel economic realities of government: Don Pittis

    Economic CBC News
    Only a few months ago, a New Democratic government in Ontario was being ruled out by everyone but NDP partisans. But a shift in the polls is showing that the people of Ontario — and the people of Canada — must face a new possibility. Source
  • Asian stocks mixed after U.S. federal reserve boosts Wall Street

    Economic CTV News
    BANGKOK - Shares were mixed in Asia on Thursday after U.S. stocks reversed early losses and finished higher as investors appraised the Federal Reserve's signal that it is not in a hurry to raise interest rates. Source
  • Federal government blocks sale of construction giant Aecon to Chinese interests

    Economic CBC News
    The federal government has blocked the sale of Canadian construction company Aecon Group Inc. to Chinese interests, the office of Innovation Minister Navdeep Bains has confirmed. The controversial deal between Aecon and China's CCCC International Holding Ltd., also known as CCCI, would have been worth $1.5 billion. Source
  • Feds block Aecon proposed takeover by Chinese group for national security reasons

    Economic CTV News
    OTTAWA - The federal government has blocked Chinese state-owned CCCC International Holding Ltd.'s proposed $1.5 billion takeover of construction firm Aecon Group Inc. for reasons of national security. More coming. Source
  • Feds block $1.5B takeover of Aecon by China-owned company over national security

    Economic CTV News
    OTTAWA -- The federal government has blocked the proposed $1.5-billion takeover of Aecon Group Inc. by a Chinese state-owned company for reasons of national security. After markets closed Wednesday, a spokesman for Economic Development Minister Navdeep Bains confirmed the government's decision to prevent CCCC International Holding Ltd. Source
  • Canada blocks Aecon takeover by Chinese state-owned firm over national security

    Economic CTV News
    OTTAWA -- The federal government has blocked the proposed $1.5-billion takeover of Aecon Group Inc. by a Chinese state-owned company for reasons of national security. After markets closed Wednesday, Economic Development Minister Navdeep Bains confirmed the government's decision to prevent CCCC International Holding Ltd. Source
  • Northern B.C. gas pipeline designed to supply LNG industry wins NEB approval

    Economic CTV News
    CALGARY -- The National Energy Board has approved construction of a natural gas pipeline originally intended to supply the Pacific NorthWest LNG export terminal near Port Edward, B.C., even though that $36-billion project was cancelled last July. Source
  • Strike at Caesars Windsor postpones Blink-182, Russell Peters shows

    Economic CTV News
    WINDSOR, Ont. - An ongoing strike at Caesars Windsor has postponed more concerts, this time appearances by artists including Blink-182 and Russell Peters. The southern Ontario tourist draw says it is postponing concerts and cancelling hotel reservations through June 16. Source
  • Ecuadorian Villagers lose fight to have Chevron Canada pay US$9.5 billion

    Economic CTV News
    TORONTO -- The Canadian subsidiary of U.S.-based oil giant Chevron Corp. cannot be held liable for a US$9.5-billion award a court in Ecuador ordered against the parent company in favour of Ecuadorian villagers, Ontario's top court ruled on Wednesday. Source
  • Research needed on impact of microplastics on B.C. shellfish industry: study

    Economic CTV News
    VICTORIA -- A new scientific study says more needs to be known about the impact on oyster farms of microplastic pollution that has been found in waters off Vancouver Island. The report's authors say it would be prudent to assess the extent to which shellfish ingest microbeads, microfibres and microfragments after the pollution was found in the Baynes Sound, Lambert Channel and in areas off Denman and Hornby islands. Source