Energy stocks weigh on Toronto market, while loonie climbs higher

Energy stocks weigh on Toronto market, while loonie climbs higher
Share this article

TORONTO — Canada’s main stock index was in the red in late-morning trading as losses in the energy sector led the way lower.

The S&P/TSX composite index was down 77.67 points to 16,483.45, after 90 minutes of trading.

In New York, the Dow Jones industrial average was down 17.43 points to 25,001.98. The S&P 500 index was down 5.62 points to 2,795.69 and the Nasdaq composite index was down 9.09 points to 7,816.89.

The Canadian dollar was trading at 76.10 cents US, up from an average value of 75.92 cents US on Friday.

The August crude contract was down $2.55 cents to US$68.46 per barrel and the August natural gas contract was up one cent to US$2.77 per mmBTU.

The August gold contract was up $4.20 to US$1,243.80 an ounce and the September copper contract was down one cent at US$2.77 a pound.

The Canadian Press

Related posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.