Stocks down on Canadian and U.S. markets, loonie edges lower against U.S. dollar

Stocks down on Canadian and U.S. markets, loonie edges lower against U.S. dollar
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TORONTO — Broad-based weakness weighed on Canada’s main stock index in late-morning trading despite gains in the price of oil, while U.S. stock markets headed lower.

The S&P/TSX composite index was down 7.51 points at 16,220.55.

In New York, the Dow Jones industrial average was down 110.64 points at 26,147.78. The S&P 500 index was down 6.13 points at 2,861.06, while the Nasdaq composite was down 9.46 points at 7,819.45.

The Canadian dollar traded for 74.84 cent US compared with an average of 74.98 cents US on Monday.

The May crude contract was up 47 cents at US$62.06 per barrel and the May natural gas contract was down 2.1 cents at US$2.69 per mmBTU.

The June gold contract was up 40 cents at US$1,294.60 an ounce and the May copper contract was down 2.2 cents at US$2.90 a pound.

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

The Canadian Press

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