05/09/2016 07:27 EDT | Updated 05/10/2017 01:12 EDT

Toronto stock market, Canadian dollar down in Monday morning trading

TORONTO — Canada's main stock index took a dive to kick off the week, dropping by about 1.2 per cent.

The Toronto Stock Exchange's S&P/TSX composite index was down 160.52 points at 13,540.95 in late morning trading.

New York markets were split between positive and negative but generally fared better than the TSX.

The Dow Jones industrial average was down 66.01 points at 17,674.62 while the broader S&P 500 composite index declined 2.4 points to 2,054.79 and the Nasdaq composite gained 6.66 points to 4,742.81.

The Canadian dollar was down 0.41 of a U.S. cent at 77 cents US.

The June crude contract was down 71 cents at US$43.95 per barrel and June natural gas was up 0.3 of a cent at US$2.10 per mmBTU.

The June gold contract fell $25.50 to US$1,268.50 an ounce and July copper contracts fell 4.1 cents to US$2.11 a pound.