Toronto stock index falls sharply, gold and oil up amid nuclear test concerns

The Canadian Press</span>
Published Tuesday, September 5, 2017 7:51AM EDT
Last Updated Tuesday, September 5, 2017 11:31AM EDT

TORONTO -- The Toronto Stock Exchange and its American peers have fallen dramatically this morning, the first day of trading since North Korea announced Sunday that it had successfully conducted its most powerful nuclear test so far.

The Toronto Stock Exchange's S&P/TSX composite index fell 123.53 points to 15,068.07 in the first 90 minutes of trading since the Labour Day holiday weekend.

In New York, the Dow Jones industrial average was down 167.43 points to 21,820.13. The S&P 500 index lost 12.26 points to 2,464.29 and the Nasdaq composite index gave back 33.32 points to 6,402.02.

The Canadian dollar was trading at 81.04 cents US, up from Friday's average price of 80.71 cents US.

The October crude contract was up $1.52 to US$48.81 per barrel and the October natural gas contract was down nine cents to US$2.98 per mmBTU.

The December gold contract advanced $11.90 to US$1,342.30 an ounce and the December copper contract moved up three cents to US$3.15 a pound.

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