WatchNorth American stocks fall as commodities tumble on renewed fear about global

TORONTO — Oil prices took a drubbing today as concerns about global economic growth weighed on investors while the Canadian dollar fell nearly a full cent.The loonie shed 0.95 of a U.S. cent, closing at 76.83 cents US.The August crude contract was down US$2.39 at US$46.60 per barrel.The Toronto Stock Exchange’s S&P/TSX composite index was down 39.30 points to 14,219.57, following a 194.33-point gain on Monday.In New York, the Dow Jones industrial average was down 108.75 points at 17,840.62, the broader S&P 500 composite index declined 14.40 points to 2,088.55 and the Nasdaq composite dropped 39.67 points to 4,822.90.August gold rose US$19.70 to US$1,358.70 an ounce and September copper contracts fell 3.35 cents to US$2.1835 a pound.August natural gas was down 22.3 cents at US$2.764 per mmBTU.

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