TORONTO — Canada’s main stock index closed lower as gold prices fell from six-year highs and a strong U.S. jobs report undercut hopes of an interest rate cut this month.
The S&P/TSX composite index was down 46.86 points at 16,541.99.
In New York, the Dow Jones industrial average was down 43.88 at 26,922.12. The S&P 500 index was down 5.41 points at 2,990.41, while the Nasdaq composite was down 8.44 points at 8,161.79.
The Canadian dollar traded for an average of 76.34 cents US compared with an average of 76.58 cents US on Thursday.
The August crude contract was up 17 cents at US$57.51 per barrel and the August natural gas contract was up 12.8 cents at US$2.42 per mmBTU.
The August gold contract was down US$20.80 at US$1,400.10 an ounce and the September copper contract was down 2.2 cents at US$2.66 a pound.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)
The Canadian Press