S&P/TSX composite down in late-morning trading as U.S. stock markets climb higher

S&P/TSX composite down in late-morning trading as U.S. stock markets climb higher
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TORONTO — Canada’s main stock index edged lower in late-morning trading, weighed down by losses in the technology, utility and industrial sectors, while U.S. stock markets moved higher.

The S&P/TSX composite index was down 7.37 points at 16,266.70.

In New York, the Dow Jones industrial average was up 116.68 points at 28,312.10. The S&P 500 index was up 14.65 points at 3,441.57, while the Nasdaq composite was up 27.08 points at 11,505.96.

The Canadian dollar traded for 76.18 cents US compared with 75.96 cents US on Monday.

The December crude contract was down 26 cents at US$40.80 per barrel and the November natural gas contract was up 13 cents at US$2.92 per mmBTU.

The December gold contract was down 90 cents at US$1,910.80 an ounce and the December copper contract was up five cents at US$3.14 a pound.

This report by The Canadian Press was first published Oct. 20, 2020.

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

The Canadian Press

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