News

S&P/TSX composite edges lower while U.S. stock markets fall; loonie up

TORONTO — Canada’s main stock index edged lower in late-morning trading as losses in the energy and materials sectors helped outweigh gains in the financial sector.

The S&P/TSX composite index was down 0.67 of a point at 16,425.63.

In New York, the Dow Jones industrial average was down 66.05 points at 26,959.83. The S&P 500 index was down 3.42 points at 2,994.53, while the Nasdaq composite was down 37.08 points at 8,119.77.

The Canadian dollar traded for 76.14 cents US compared with an average of 76.09 cents US on Thursday.

The December crude contract was up 28 cents at US$54.31 per barrel and the November natural gas contract was up 0.1 of a cent at US$2.32 per mmBTU.

The December gold contract was down US$3.80 at US$1,494.50 an ounce and the December copper contract was up 3.3 cents at US$2.63 a pound.

This report by The Canadian Press was first published Oct. 18, 2019.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

 

The Canadian Press