Materials sector weighs down Toronto stock market, loonie trades lower

Materials sector weighs down Toronto stock market, loonie trades lower
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TORONTO — Canada’s main stock index edged lower as losses in the materials sector weighed on the market.

The S&P/TSX composite index was down 20.55 points at 16,326.79.

In New York, the Dow Jones industrial average was down 76.62 points at 25,656.98. The S&P 500 index was down 4.84 points at 2,856.98, while the Nasdaq composite was off 10.64 points at 7,878.46.

The Canadian dollar traded down at 76.55 cents US compared with an average of 76.83 cents US on Wednesday.

The October crude contract was down three cents at US$67.83 per barrel and the September natural gas contract was up 0.8 of a cent at US$2.96 per mmBTU.

The December gold contract was down US$9.30 at US$1,194.00 an ounce and the September copper contract was down 1.9 cents at US$2.654 a pound.

 

The Canadian Press

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