The S&P/TSX Composite Index was down 27.46 points, or 19.53 per cent, at 20,687.02, during late-morning trading. 
In New York, the Dow Jones Industrial Average was down 27.06 points at 33,951.02. The S&P 500 Index was down 22.76 points at 4,047.80, while the Nasdaq Composite was down 139.64 points at 11,482.07.
The Canadian dollar traded for 74.95 cents U.S. compared with 75.11 cents US on Friday.
The March crude contract was down 23 cents at US$79.45 per barrel and the March natural gas contract was down 11 cents at US$2.74 per mmBTU.
The April gold contract was down US$5.80 at US$1,939.80 an ounce and the March copper contract was down a penny at US$4.21 a pound.
This report by The Canadian Press was first published Jan. 30, 2023.