Stocks down in Toronto despite gains in the energy sector; U.S. stocks up

Stocks down in Toronto despite gains in the energy sector; U.S. stocks up
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TORONTO — Canada’s main stock index stepped lower in late-morning trading, weighed down by losses in the industrials sector even as energy stocks moved higher with the price of oil.

The S&P/TSX composite index was down 25.55 points at 16,345.73.

In New York, the Dow Jones industrial average was up 45.50 points at 26,593.72. The S&P 500 index was up 5.21 points at 2,922.59, while the Nasdaq composite was up 47.97 points at 7,932.69.

The Canadian dollar traded for 76.08 cents US compared with an average of 75.91 cents US on Tuesday.

The August crude contract was up US$1.80 at US$59.63 per barrel and the August natural gas contract was up 0.5 of a cent at US$2.29 per mmBTU.

The August gold contract was down US$6.10 at US$1,412.60 an ounce and the September copper contract was down 1.60 cents at US$2.72 a pound.

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

The Canadian Press

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