December 11th, 2024

S&P/TSX composite down despite Shopify boost to tech sector, U.S. stock markets mixed

By The Canadian Press on August 31, 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 – Strength in technology stocks led by Shopify Inc. after its deal to help merchants integrate access to Amazon.com Inc.’s fulfilment network within their Shopify stores weren’t enough to prevent a small loss on Canada’s main stock index Thursday, while U.S. stock markets were mixed.

The S&P/TSX composite index was down 37.70 points at 20,292.62, while shares in Shopify rose almost 11 per cent.

In New York, the Dow Jones industrial average was down 168.33 points at 34,721.91. The S&P 500 index was down 7.21 points at 4,507.66,while the Nasdaq composite was up 15.66 points at 14,034.97.

The Canadian dollar traded for 73.90 cents US compared with 73.88 cents US on Wednesday.

The October crude contract was up US$2.00 at US$83.63 per barrel and the October natural gas contract was down three cents at US$2.77 per mmBTU.

The December gold contract was down US$7.10 at US$1,965.90 an ounceand the December copper contract was down two cents at US$3.82 a pound.

This report by The Canadian Press was first published Aug. 31, 2023.

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

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