December 13th, 2024

S&P/TSX composite down as price of oil falls below US$70 a barrel, U.S. stocks higher

By The Canadian Press on June 12, 2023.

The S&P TSX composite index screen at the TMX Market Centre in downtown Toronto is photographed on Friday, Nov.11, 2022. THE CANADIAN PRESS/ Tijana Martin

TORONTO – Canada’s main stock index was down slightly in late-morning trading as the price of oil fell below US$70 per barrel and losses in the energy helped lead the Toronto stock market lower.

The S&P/TSX composite index was down 18.45 points at 19,873.61.

In New York, the Dow Jones industrial average was up 17.28 points at 33,894.06. The S&P 500 index was up 8.98 points at 4,307.84, while the Nasdaq composite was up 78.87 points at 13,338.01.

The Canadian dollar traded for 74.82 cents US compared with 74.96 cents US on Friday.

The July crude contract was down US$2.26 at US$67.91 per barrel and the July natural gas contract was down two cents at US$2.23 per mmBTU.

The August gold contract was down US$8.40 at US$1,968.80 an ounce and the July copper contract was down three cents at US$3.76 a pound.

This report by The Canadian Press was first published June 12, 2023.

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

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