Markets down, loonie down

Canada's main stock index edged lower in late-morning trading as the industrial, financial and telecom sectors traded lower.

The S&P/TSX composite index was down 5.88 points at 16,218.25.

In New York, the Dow Jones industrial average was down 145.21 points at 26,598.29. The S&P 500 index was down 14.96 points at 2,914.71, while the Nasdaq composite was down 38.23 points at 7,948.72.

The Canadian dollar traded lower at 77.34 cents US compared with an average of 77.42 cents US on Friday.

The November crude contract was up US$1.39 at US$72.17 per barrel and the November natural gas contract was up 5.5 cents at US$3.03 per mmBTU.

The December gold contract was up US$7.30 at US$1,208.60 an ounce and the December copper contract was down 0.70 of a cent at US$2.85 a pound.



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