September 24th, 2018

TSX falls as energy stocks fail to get lift from higher crude prices, loonie

By The Canadian Press on September 12, 2018.

A man works in the broadcast centre at the TMX Group Ltd. in Toronto, on May 9, 2014. THE CANADIAN PRESS/Darren Calabrese

TORONTO – Canada’s main stock market resumed its downward movement as energy stocks failed to get a lift from higher crude oil prices and a stronger loonie.

The S&P/TSX composite index closed down 45.23 points to 16,049.02.

In New York, the Dow Jones industrial average gained 27.86 points to 25,998.92. The S&P 500 index was up 1.03 points to 2,888.92, while the Nasdaq composite was off 18.24 points to 7,954.23.

The Canadian dollar was trading at an average of 76.84 cents US compared with an average of 76.22 cents US on Tuesday.

The October crude contract was up US$1.12 at US$70.37 per barrel and the October natural gas contract was up 0.1 of a cent at US$2.83 per mmBTU.

The December gold contract was up $8.70 to US$1,210.90 an ounce and the December copper contract was up 5.4 cents at US$2.68 a pound.

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