Oil, loonie, markets down to start week

Gas prices range from $1.01-$1.21 a litre as of 4:00 this morning.

Brantford, Brant County: $1.01 -$1.21

Waterdown, Burlington: $1.10-$1.21

Milton: $1.12-$1.21

Oakville, Mississauga: $1.10-$1.21

Kitchener-Waterloo, Cambridge: $1.05-$1.21

Welland-Niagara Falls-Thorold-St. Catharines-Grimsby: $1.11-$1.21

Simcoe, Dunnville: $1.12

Tillsonburg: $1.12

Woodstock: $1.09

London: $1.00-$1.08

Benchmark U-S crude is down 23 cents this morning to $58.81 U-S per barrel in electronic trading on the New York Mercantile Exchange.

The May contract lost 94 cents in trading Friday, to settle at $59.04 per barrel.

The Canadian dollar is trading overseas this morning at 74.52 cents U-S, down five -100ths of a cent from Friday’s average value of 74.57.

Canada’s main stock index had its worst day of 2019 on signs of a global economic slowdown and potential for a recession.

The S&P/TSX composite index closed down almost one per cent, losing 155.26 points to 16,089.33.

In New York, the Dow Jones industrial average was down 460.19 points at 25,502.32.

The S&P 500 index was down 54.17 points at 2,800.71, while the Nasdaq composite was down 196.29 points at 7,642.67.

Posted in News & Sports

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