December 8th, 2024

S&P/TSX composite inches lower in late-morning trading Thursday, U.S. markets rise

By The Canadian Press on July 27, 2023.

A woman walks across an intersection near monitors showing the Japanese yen against the U.S. dollar at a securities firm in Tokyo, Thursday, July 27, 2023. THE CANADIAN PRESS/AP-Hiro Komae

TORONTO – Canada’s main stock index inched lower in late-morning trading, weighed down by telecoms and utilities, while U.S. markets rose.

The S&P/TSX composite index was down 4.34 points at 20,557.30.

In New York, the Dow Jones industrial average was up 34.07 points at 35,554.19. The S&P 500 index was up 24.73 points at 4,591.48, while the Nasdaq composite was up 167.69 points at 14,294.98.

The Canadian dollar traded for 75.77 cents UScompared with 75.64 cents US on Wednesday.

The September crude oil contract was up US$1.27 at US$80.05 per barrel and the September natural gas contract was down 10 cents at US$2.59 per mmBTU.

The August gold contract was down US$25.40 at US$1,944.70 an ounce and the September copper contract was down three cents at US$3.86 a pound.

This report by The Canadian Press was first published July 27, 2023.

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

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