Materials sector weighs on stocks in Toronto; U.S. stock markets up

Materials sector weighs on stocks in Toronto; U.S. stock markets up
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TORONTO — Weakness in the materials sector weighed on stocks in Toronto in late-morning trading as Canada’s main stock index moved lower, while U.S. stock markets gained ground.

The S&P/TSX composite index was down 20.50 points at 16,673.77.

In New York, the Dow Jones industrial average was up 105.67 points at 26,925.92. The S&P 500 index was up 12.38 points at 2,974.17, while the Nasdaq composite was up 29.48 points at 7,969.11.

The Canadian dollar traded for 75.53 cents US compared with an average of 75.48 cents US on Friday.

The November crude contract was down 38 cents at US$55.53 per barrel and the November natural gas contract was down 6.3 cents at US$2.34 per mmBTU.

The December gold contract was down US$19.10 at US$1,487.30 an ounce and the December copper contract was down 0.55 of a cent at US$2.59 a pound.

This report by The Canadian Press was first published Sept. 30, 2019.

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

The Canadian Press

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