Toronto stock index hits high, while U.S. markets mixed; Loonie lower

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TORONTO — Canada’s main stock index hit a record high in late morning trading, boosted by a broad-based rally on the market.

The S&P/TSX composite index was up 97.66 points to 16,414.19, after 90 minutes of trading — just off its high of 16,424.82 for the day, which was above the previous record of 16,421.42.

In New York, the Dow Jones industrial average was down 60.80 points to 24,639.41. The S&P 500 index was up 2.64 points to 2,765.23 and the Nasdaq composite index was up 47.44 points to 7,773.03.

The Canadian dollar was trading at 75.22 cents US, down from an average value of 75.32 cents US on Tuesday.

The August crude contract was up 71 cents to US$65.61 per barrel and the July natural gas contract was up six cents to US$2.96 per mmBTU.

The August gold contract was down $2.30 cents to US$1,276.30 an ounce and the July copper contract was down two cents to US$3.03 a pound.

The Canadian Press