S&P/TSX composite edges lower as oil prices dip; loonie falls

S&P/TSX composite edges lower as oil prices dip; loonie falls
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TORONTO — Canada’s main stock index edged lower midday alongside U.S. markets as oil prices dipped.

The S&P/TSX composite index was down 93.09 points at 17,500.25.

In New York, the Dow Jones industrial average was down 68.18 points at 29,931.08 , the S&P 500 index was down 20.90 points at 3,647.20, while the Nasdaq composite was down 83.99 points at 12,321.82.

The Canadian dollar traded for 78.37 cents US compared with 78.53 cents US on Thursday.

The January crude contract was down four cents at $46. 74 per barrel and the January natural gas contract was up 5.9 cents at about $2.55 per mmBTU.

The February gold contract was up US$12.30 at US$1,849.70 an ounce and the March copper contract was down 4.75 cents US at nearly $3.53 a pound.

This report by The Canadian Press was first published Dec. 11, 2020.

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

The Canadian Press

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