Toronto stocks lower as key sectors step back; Loonie climbs higher

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TORONTO — Canada’s main stock index was in the red at late-morning as the key energy, financial and materials sectors all lost ground.

The S&P/TSX composite index was down 85.19 points to 16,146.06, after 90 minutes of trading.

In New York, the Dow Jones industrial average was up 8.61 points to 24,126.20. The S&P 500 index was up 3.73 points to 2,730.36 and the Nasdaq composite index was up 24.65 points to 7,469.74.

The Canadian dollar was trading at 75.39 cents US, up from an average value of 75.15 cents US on Wednesday.

The August crude contract was up $1.05 to US$73.81 per barrel and the August natural gas contract was down one cent to US$2.97 per mmBTU.

The August gold contract was down $3.00 to US$1,253.10 an ounce and the September copper contract was down four cents to US$2.97 a pound.

The Canadian Press