April 28th, 2017

North American stock indexes slip modestly, loonie down


By The Canadian Press on April 21, 2017.

TORONTO – North American stock indexes edged lower in late-morning trading as the loonie lost ground following a weaker-than-expected inflation report in Canada.

Statistics Canada says the consumer price index in March was up 1.6 per cent from a year ago. Economists had expected an increase of 1.8 per cent, according to Thomson Reuters. The Canadian dollar fell 0.22 of a cent to 74.01 cents US.

Meanwhile, the S&P/TSX composite index was down 10.06 points to 15,615.50, after 90 minutes of trading.

In New York, the Dow Jones industrial average lost 12.62 points to 20,566.09. The S&P 500 index shed 4.51 points to 2,351.33, and the Nasdaq composite index dropped 9.11 points to 5,907.66.

The June crude oil contract was down 75 cents at US$49.96 per barrel and the May natural gas contract was unchanged at US$3.16 per mmBTU.

The June gold contract was up US$1.90 cents at US$1,285.70 an ounce and the May copper contract was down one cent at US$2.54 a pound.


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