TSX drops more than 100 points as NAFTA negotiations fail to meet deadline

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Toronto’s main stock index dropped more than 100 points as Canada and the U.S. failed to reach a trade agreement by President Donald Trump’s self-imposed deadline today.

The S&P/TSX composite index shed 108.67 points to 16,262.88.

In New York, the Dow Jones industrial average fell 22.10 points to 25,964.82. The S&P 500 index gained 0.39 points to 2,901.52, while the Nasdaq composite advanced 21.17 points to 8,109.54.

The Canadian dollar traded closed lower at 76.60 cents US compared with an average of 77.04 cents US on Thursday.

The October crude contract retreated 45 cents to US$69.80 per barrel and the October natural gas contract gained four cents to roughly US$2.92 per mmBTU.

The December gold contract rose US$1.70 to US$1,206.70 an ounce and the December copper contract declined about five cents to US$2.68 a pound.

The Canadian Press