TORONTO — North American markets headed lower near open Tuesday as commodity prices shifted lower and new fears of a slowdown in growth developed in Europe on the back of weak economic data.
The S&P/TSX composite index lost 102.5 points to 12,581.1.
The Canadian dollar slipped 0.34 of a cent to 101.71 cents US along side sliding commodities as traders sought safe havens such as gold.
The Dow Jones industrial average was down 106.1 points to 11,376.8. The S&P 500 fell 11.5 points to 1,193 and the Nasdaq 100 lost 30.74 points to 2,524.46.
Gold prices moved up $19.30 to $1,777.30 per ounce on the New York Mercantile Exchange.
Oil prices fell $1.55 to $86.33 a barrel. And copper lost six cents in early trading to $3.98 per pound.
