S&P/TSX composite down as price of gold falls, U.S. stock markets move lower

S&P/TSX composite down as price of gold falls, U.S. stock markets move lower
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TORONTO — Canada’s main stock index was down in early trading as the price of gold and gold mining stocks fell and U.S. stock markets moved lower.

The S&P/TSX composite index was down 64.34 points at 16,498.47.

In New York, the Dow Jones industrial average was down 57.81 points at 28,779.71. The S&P 500 index was down 8.23 points at 3,525.99, while the Nasdaq composite was down 16.55 points at 11,859.71.

The Canadian dollar traded for 76.10 cents US compared with 76.13 cents US on Friday.

The November crude oil contract was up 74 cents at US$40.17 per barrel and the November natural gas contract was down seven cents at US$2.82 per mmBTU.

The December gold contract was down US$22.60 at US$1,906.30 an ounce and the December copper contract was down two cents at US$3.04 a pound.

This report by The Canadian Press was first published Oct. 13, 2020.

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

The Canadian Press

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