TORONTO — Canada’s main stock index dipped into the red today as the materials sector weighed it down with gold prices falling.
Canada’s main stock index edged lower in late-morning trading, weighed down by losses in the materials sector, while U.S. stock markets were mixed.
The S&P/TSX composite index fell 15.45 points to 16,514,61.
In New York, the Dow Jones industrial average rose 34.30 points to 27,931.02. The S&P 500 index retreated 0.58 of a point to 3,372.85, while the Nasdaq composite lost 23.20 points to 11,019.30.
The Canadian dollar traded for 75.47 cents US compared with 75.66 cents US on Thursday.
The September crude contract shed 23 cents to US$42.01 per barrel and the September natural gas contract rose 17 cents to nearly US$2.36 per mmBTU.
The December gold contract fell US$20.60 to US$1,949.80 an ounce and the September copper contract advanced five cents to nearly US$2.86 a pound.
This report by The Canadian Press was first published Aug. 14, 2020.
