Energy losses drag S&P/TSX composite down Wednesday, U.S. markets mixed

By The Canadian Press on November 8, 2023.

TORONTO – Canada’s main stock index edged lower Wednesday, led again by losses in energy as the price of oil continued to decline, while U.S. markets wobbled to a mixed close.

The S&P/TSX composite index closed down 45.38 points at 19,530.21.

In New York, the Dow Jones industrial average was down 40.33 points at 34,112.27. The S&P 500 index was up 4.40 points at 4,382.78, while the Nasdaq composite was up 10.56 points at 13,650.41.

The Canadian dollar traded for 72.48 cents UScompared with 72.67 cents US on Tuesday.

The December crude contract was down US$2.04 at US$75.33 per barreland the December natural gas contract was down three cents at US$3.11 per mmBTU.

The December gold contract was down US$15.70 at US$1,957.80 an ounceand the December copper contract was down four cents at US$3.64 a pound.

This report by The Canadian Press was first published Nov. 8, 2023.

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

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