December 13th, 2024

S&P/TSX composite weighed down by losses in energy and telecom; U.S. markets mixed

By The Canadian Press on May 25, 2023.

Canadian dollars are pictured in Vancouver, Sept. 22, 2011. THE CANADIAN PRESS/Jonathan Hayward

TORONTO – Canada’s main stock index was down more than 150 points Thursday, weighed down by losses in energy and telecom, while U.S. stock markets were mixed.

The S&P/TSX composite index was down 153.61 points at 19,774.08.

In New York, the Dow Jones industrial average was down 35.27 points at 32,764.65. The S&P 500 index was up 36.04 points at 4,151.28, while the Nasdaq composite was up 213.93 points at 12,698.09.

The Canadian dollar traded for 73.38 cents UScompared with 73.63 cents US on Wednesday.

The July crude contract was down US$2.51 at US$71.83 per barrel and the July natural gas contract was down nine cents at US$2.48 per mmBTU.

The June gold contract was down US$20.90 at US$1,943.70 an ounceand the July copper contract was up three cents at US$3.59 a pound.

This report by The Canadian Press was first published May 25, 2023.

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

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