North American markets revert to losses as oil prices fall again – FINANCIAL NEWS-ecozik.com
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North American markets revert to losses as oil prices fall again

North American markets were lower on Monday morning, led by materials and energy stocks.

TORONTO – The Toronto stock exchange posted a triple-digit loss, not able to sustain last week’s late rally as oil prices again faltered when confronted with a worldwide supply glut.

The Toronto Stock Exchange’s S&P/TSX index ended your day down 246.42 points at 12,143.16, after Canada’s main market added almost 550 points around the final two days of trading last week.

In Ny, the Dow Jones industrial average fell 208.29 points to close at 15,885.22, while the broader S&P 500 fell 29.82 points to 1,877.08 and the Nasdaq lost 72.69 points to 4,518.49.

On commodity markets, the March agreement for benchmark North American crude fell $1.85 to stay at US$30.34 a barrel, while March natural gas rose 1.4 cents to stay at US$2.155 per mmBtu and February gold added $9 to end at US$1,105.30 a troy ounce.

The commodity-sensitive Canadian dollar broke a three-day string of gains because it lost 0.59 of a U.S. cent to settle at 70.08 cents US.

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