Stock indexes in Toronto, New York, Europe drop sharply Monday; gold up

TORONTO - North American stock markets started the week on a negative note, including a triple-digit decline in Toronto.

The Toronto Stock Exchange's S&P/TSX index was down 142.05 points or about one per cent at 12,621.94.

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On Friday, the index lost 10.51 points.

The Dow Jones industrial average was down 237.60 points or 1.5 per cent at 15,967.23. The broader S&P 500 composite index declined 31.39 points to 1,848.66 and the Nasdaq composite lost 97.34 points, to 4,265.79.

In Europe, the FTSE 100 in London fell nearly two per cent while the CAC 40 in Paris and Germany's DAX were down nearly three per cent.

The loonie traded at 71.76 cents US, down 0.14, at the Toronto Stock Exchange's open at 9:30 a.m. ET. It had been lower when benchmark oil dropped below US$30 a barrel earlier in the morning.

On the commodity markets, the April gold contract rose $27.70 to US$1,185.40 an ounce and the March crude contract was down 52 cents at US$30.37 a barrel.



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