Toronto stock market dips as uncertainties trump strong jobs reports

Toronto stock market dips as uncertainties trump strong jobs reports
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TORONTO — Canada’s main stock index dipped in late morning trading as trade and stimulus uncertainties trumped stronger-than-expected jobs reports in Canada and the U.S.

The S&P/TSX composite index was down 20.42 points at 16,558.68.

In New York, the Dow Jones industrial average was down 44.61 points at 27,342.37. The S&P 500 index was up 2.42 points at 3,351.58 while the Nasdaq composite was up 6.14 points at 11,114.21.

The Canadian dollar traded for 74.72 US compared with 75.23 on Thursday.

The September crude contract was down 48 cents at US$41.47 per barrel and the September natural gas contract was up 5.4 cents at US$2.22 per mmBTU.

The December gold contract was down US$22.30 at US$2,047.10 an ounce while the September copper contract was down 7.05 cents at US$2.84 a pound.

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

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

The Canadian Press


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