S&P/TSX composite edges lower in early trading as oil slips, U.S. stocks up

S&P/TSX composite edges lower in early trading as oil slips, U.S. stocks up
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TORONTO — Canada’s main stock index edged lower in early trading as the price of oil fell and the energy sector moved lower, while U.S. stock markets rose.

The S&P/TSX composite index was down 1.92 points at 15,513.91.

In New York, the Dow Jones industrial average was up 12.81 points at 26,302.79. The S&P 500 index was up 3.43 points at 3,128.17, while the Nasdaq composite was up 51.69 points at 9,947.56.

The Canadian dollar traded for 73.86 cents US compared with 73.76 cents US on Tuesday.

The August crude contract was down 55 cents at US$38.10 per barrel and the July natural gas contract was up a penny at nearly US$1.63 per mmBTU.

The August gold contract was down US$7.80 at US$1,728.70 an ounce and the July copper contract was up a penny a nearly US$2.58 a pound.

This report by The Canadian Press was first published June 17, 2020.

 

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

 

The Canadian Press

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