TSX plunges, loonie rises, oil below US$30 a barrel

TORONTO -- The Toronto Stock Exchange took another beating in morning trading today, with its main index dropping about two per cent.

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The S&P/TSX composite index was down 261.47 points at 12,273.93 after 90 minutes of trading.

That's on top of 228.59 points lost on Monday.

The major U.S. indexes were also down, but by only about half a per cent.

The Dow Jones industrial average was down 81.50 points at 15,945.55, the broader S&P 500 composite index declined 9.25 points to 1,844.19 and the Nasdaq composite index lost 20.60 points to 4,263.15.

Canada's dollar was at 72.34 cents US, up 0.57 from Monday's close.

On the commodity markets, the April gold contract fell $2 to US$1,195.90 an ounce and the March crude contract was up five cents at US$29.74 per barrel.



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