Skip to main content

The Globe and Mail

What’s happening in financial markets now

On Monday, North American markets plunged in the first full day of trading following the credit rating downgrade of the United States, as investors looked for safer bets at a time of extreme financial uncertainty.

The TSX shed 491.75 points to close down 4.04 per cent. It has now lost 9.85 per cent over the past five days.

The Dow Jones Industrial Average plunged 634.76 points and closed down 5.55 per cent. It is down 10.9 per cent over five days.

Story continues below advertisement

The S&P 500 closed down 6.66 per cent on Monday.

Gold soared $61.40 (U.S.), or 3.7 per cent, to settle at $1,713.20. It reached a record high of $1,723.40 an ounce during the day.



U.S. crude traded down $5.57 to settle at $81.31 a barrel, the lowest close since Nov. 23. It then dropped as low as $80.17 a barrel in post settlement activity.





The Canadian dollar fell more than 1 cent to close just a shade above parity with the U.S. dollar.

Report an error
Comments are closed

We have closed comments on this story for legal reasons. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at privacy@globeandmail.com.