Energy weakness and Couche-Tard pushed S&P/TSX composite lower; U.S. markets mixed

By The Canadian Press on January 13, 2021.

A street sign along Bay Street in Toronto's financial district is shown on Tuesday, January 12, 2021. THE CANADIAN PRESS/Nathan Denette

TORONTO – Canada’s main stock index dipped on energy weakness and a negative reaction to a potential Alimentation Couche-Tard acquisition.

The S&P/TSX composite index closed down 51.06 points to 17,934.74.

In New York, the Dow Jones industrial average was down 8.22 points at 31,060.47. The S&P 500 index was up 8.65 points at 3,809.84, while the Nasdaq composite was up 56.52 points at 13,128.95.

The Canadian dollar traded for 78.68 cents US compared with 78.46 cents US on Tuesday.

The February crude oil contract was down 30 cents at US$52.91 per barrel and the February natural gas contract was down 2.6 cents at US$2.73 per mmBTU.

The February gold contract was up US$10.70 at US$1,854.90 an ounce and the March copper contract was up 1.1 cents at nearly US$3.62 a pound.

This report by The Canadian Press was first published Jan. 13, 2021.

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