The stock market collapse prompted by the coronavirus outbreak continued on North American markets on Monday, after a short-lived rally on Friday.
All major indexes in Canada and the U.S. were down by around 10 per cent or more on a day when the headlines included news that Canada would close its borders to all non-citizens with the exception of U.S. citizens.
In Toronto, the TSX/S&P closed down 1,355 points to 12,360, or a 9.9 per cent drop. It was a 52-week low for Canada’s main stock index.
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In the U.S., the Dow Jones Industrial Average closed down 2,999 points, or 12.9 per cent, after briefly being down more than 3,000 points just before the markets closed. The S&P 500 was down 12 per cent.
The Canadian dollar traded for 71.61 cents US compared with an average of 71.94 cents US on Friday.
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The April crude contract was down US$3.03 at US$28.70 per barrel and the April natural gas contract was down 5.4 cents at US$1.815 per mmBTU.
The April gold contract was down US$30.20 at US$1,486.50 an ounce and the May copper contract was down 7.15 cents at US$2.39 a pound
— With files from the Canadian Press
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