S&P/TSX composite down in early trading, loonie also trades lower

S&P/TSX composite down in early trading, loonie also trades lower
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TORONTO — Canada’s main stock index was down in early trading as the heavyweight financial sector moved lower and U.S. stock markets also lost ground.

The S&P/TSX composite index was down 65.22 points at 15,604.45.

In New York, the Dow Jones industrial average was down 198.68 points at 26,088.35. The S&P 500 index was down 15.91 points at 3,163.81, while the Nasdaq composite was down 17.78 points at 10,415.87.

The Canadian dollar traded for 73.69 cents US compared with 73.84 cents US on Monday.

The August crude contract was down 23 cents at US$40.40 per barrel and the August natural gas contract was up nearly seven cents at 1.90 per mmBTU.

The August gold contract was down US$4.90 at US$1,788.60 an ounce and the September copper contract was down less than a penny at US$2.77 a pound.

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

 

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

 

The Canadian Press

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