S&P/TSX composite down as energy sector falls, U.S. stocks also lower

S&P/TSX composite down as energy sector falls, U.S. stocks also lower
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TORONTO — Losses in the energy sector helped lead Canada’s main stock index lower in late-morning trading as the price of oil also fell.

The S&P/TSX composite index was down 56.42 points at 16,186.39.

In New York, the Dow Jones industrial average was down 156.07 points at 27,427.99. The S&P 500 index was down 12.45 points at 3,339.15, while the Nasdaq composite was down 17.82 points at 11,099.71.

The Canadian dollar traded for 74.61 cents US compared with 74.75 cents US on Monday.

The November crude oil contract was down US$1.37 at US$39.23 per barrel and the November natural gas contract was down 22 cents at US$2.57 per mmBTU.

The December gold contract was up US$9.40 at US$1,891.70 an ounce and the December copper contract was down two cents at US$2.97 a pound.

This report by The Canadian Press was first published Sept. 29, 2020.

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

The Canadian Press

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