S&P/TSX composite dips in late morning along with U.S. markets despite job gains

S&P/TSX composite dips in late morning along with U.S. markets despite job gains
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TORONTO — Canada’s main stock index retreated in late-morning trading along with U.S. and international markets as concerns about the coronavirus overshadowed strong job gains in North America.

The S&P/TSX composite index was down 73.46 points at 17,684.03 with energy and materials leading the drop.

In New York, the Dow Jones industrial average was down 199.68 points at 29,180.09. The S&P 500 index was down 11.19 points at 3,34.59, while the Nasdaq composite was down 30.05 points at 9,542.11.

The Canadian dollar traded for 75.15 cents US, down from an average of 75.24 cents US on Thursday even as Statistics Canada reported that the economy added 34,500 jobs in January to come in at about double expectations.

The March crude contract was down 34 cents at US$50.61 per barrel and the March natural gas contract was up 1.4 cents at US$1.88 per mmBTU.

The April gold contract was up 20 cents at US$1,570.20 an ounce and the March copper contract was down 3.9 cents at US$2.55 a pound.

This report by The Canadian Press was first published Feb. 7, 2020.

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

The Canadian Press

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