TSX, global markets down amid Turkey economic crisis; Loonie up

TSX, global markets down amid Turkey economic crisis; Loonie up

TORONTO — Canada’s main stock index was down in late morning trading as most sectors slipped and concerns over Turkey’s economic crisis rattles global markets.

The Toronto Stock Exchange’s S&P/TSX composite index was down 102.64 points at 16,314.34 after roughly 90 minutes of trading. Most sectors including materials, energy and health care were down, but gold was up slightly.

In New York, the Dow Jones industrial average was down 180.59 points at 25,328.64. The S&P 500 index was down 14.71 points at 2,838.87 and the Nasdaq composite index was down 36.052 points at 7,855.73.

The Canadian dollar was at 76.39 cents, up from Thursday’s average of 76.69 cents US.

The September crude contract was up 94 cents at US$67.75 per barrel and the September natural gas contract was down two cents at US$2.93 per mmBTU.

The December gold contract was up $3.80 at US$1,223.70 an ounce and the September copper contract was up less than a cent at $2.76 a pound.