Toronto stock market slips lower as crude prices drive down energy sector

Toronto stock market slips lower as crude prices drive down energy sector
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TORONTO — Canada’s main stock index moved lower midweek as falling crude oil prices hurt the energy sector.

The S&P/TSX composite index closed down 87.14 points at 15,428.69.

In New York, the Dow Jones industrial average was down 170.37 points at 26,119.61. The S&P 500 index was down 11.25 points at 3,113.49, while the Nasdaq composite was up 14.66 points at 9,910.53.

The Canadian dollar traded for 73.77 cents US compared with 73.76 cents US on Tuesday.

The August crude contract was down 44 cents at US$38.21 per barrel and the July natural gas contract was up 2.4 cents at nearly US$1.64 per mmBTU.

The August gold contract was down 90 cents at US$1,735.60 an ounce and the July copper contract was up 2.5 cents at nearly US$2.59 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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