Trump trade comments weigh on stock markets around the world, loonie down

TORONTO — Canada’s main stock index followed stock markets around the world lower after U.S. President Donald Trump threatened to escalate a trade war with China.

The S&P/TSX composite index was down 68.78 points at 16,425.65.

In New York, the Dow Jones industrial average was down 211.39 points at 26,293.56. The S&P 500 index was down 24.66 points at 2,920.98, while the Nasdaq composite was down 75.27 points at 8,088.73.

The Canadian dollar traded for 74.31 cents US compared with an average of 74.47 cents US on Friday.

The June crude contract was down 38 cents at US$61.56 per barrel and the June natural gas contract was down 3.7 cents at US$2.53 per mmBTU.

The June gold contract was down 80 cents at US$1,280.50 an ounce and the July copper contract was up 0.9 of a cent at US$2.83 a pound.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press

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