S&P/TSX composite down despite energy sector strength as oil tops US$90 a barrel

Canada's primary stock index, the S&P/TSX composite, experienced a decline during early trading despite the robust performance of the energy sector, as oil prices surged past US$90 per barrel. The November crude oil contract climbed US$4.72 to reach US$93.00 per barrel. Simultaneously, the S&P/TSX composite index slipped by 41.98 points to 34,999.88.

Meanwhile, New York's Dow Jones industrial average fell by 236.74 points to 50,943.13, while the S&P 500 index dropped by 30.10 points to 7,771.67, and the Nasdaq composite decreased by 143.17 points to 27,395.52. The Canadian dollar was valued at 70.26 US cents, a slight increase from 70.14 US cents recorded on Wednesday. Similarly, the December gold contract rose by US$4.00 to US$4,144.70 per ounce.