Energy sector weighs on Toronto stocks, while U.S. stocks surge higher

Energy sector weighs on Toronto stocks, while U.S. stocks surge higher
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TORONTO — Canada’s main stock index crept lower in late-morning trading despite gains in the energy sector amid stronger oil prices.

The S&P/TSX composite index was down 14.01 points at 15,449.13.

In New York, the Dow Jones industrial average was up 341.55 points at 24,921.51. The S&P 500 index was up 20.83 points at 2,660.83, while the Nasdaq composite was up 68.96 points at 7,097.25.

The Canadian dollar traded for 75.78 cents US compared with an average of 75.38 cents US on Tuesday.

The March crude contract was up US$1.22 at US$54.53 per barrel and the March natural gas contract was down 3.5 cents at US$2.87 per mmBTU.

The April gold contract was up US$1.80 at US$1,317.00 an ounce and the March copper contract was up 5.10 cents at US$2.78 a pound.

Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press

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