Canada’s stock index slips from record high despite rising oil prices

Canada’s stock index slips from record high despite rising oil prices
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TORONTO — Canada’s main stock index retreated from last week’s record high even though the energy sector was up on crude oil reaching a near seven-month high.

The S&P/TSX composite index closed down 35.53 points at 16,577.28.

In New York, the Dow Jones industrial average was down 48.49 points at 26,511.05. The S&P 500 index was up 2.94 points at 2,907.97, while the Nasdaq composite was up 17.21 points at 8,015.27.

The Canadian dollar traded at an average of 74.89 cents US, up from an average of 74.73 cents US on Thursday before the holiday weekend.

The June crude contract was up $1.48 at $65.55 per barrel and the June natural gas contract was up 2.3 cents at US$2.56 per mmBTU.

The June gold contract was up US$1.60 at US$1,277.60 and the May copper contract was down 1.85 cents at US$2.90 a pound.

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

The Canadian Press

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