Toronto market posts triple-digit loss as price of oil and loonie fall

TORONTO -- The Toronto Stock Exchange posted a triple-digit loss in late-morning trading Tuesday as the price of oil slipped and resource stocks lost ground.

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The S&P/TSX composite index was down 111.35 points at 13,272.25, giving up some of the gains it made in recent days as energy and metals stocks stepped back.

The losses on the Toronto market came as the April crude oil contract lost US$1.22 to US$36.68 a barrel.

On the commodity markets, the April gold contract gained US$4.60 at US$1,268.60, while the April contract for natural gas gained 1.9 cents at US$1.709.

In New York, the Dow Jones industrial average lost 133.54 points at 16,940.41, while the broader S&P 500 index dropped 21.30 to 1,980.46. The Nasdaq composite gave up 50.06 points at 4,658.19.

The Canadian dollar was down 0.66 of a cent at 74.66 cents US.



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