S&P/TSX composite down despite strength in energy stocks as oil prices rise
TORONTO - Canada's main stock index, the S&P/TSX composite, experienced a decline in late-morning trading despite the energy sector showing strength as oil prices rose. Simultaneously, U.S. stock markets saw a downward trend.
The S&P/TSX composite index closed 50.96 points lower at 35,646.53. In contrast, the Dow Jones industrial average in New York fell by 203.18 points to 52,370.11. The S&P 500 index in the United States dropped 51.33 points to 7,605.65, while the Nasdaq composite index also decreased by 213.69 points to 26,119.35.
Meanwhile, the Canadian dollar exchanged at 71.82 cents US, a slight decrease from 72.12 cents US observed on Friday. The October crude oil contract saw an increase of US$2.65, reaching US$102.70 per barrel. Conversely, the December gold contract saw a drop of US$85.90, settling at US$4,323.00 per ounce.
Written by urgent.news from Winnipeg Free Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
