Energy sector weighs on TSX as oil falls, U.S. stocks also move lower

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TORONTO — Canada’s main stock index fell in late-morning trading, weighed down by the energy sector which fell as the price of oil moved lower.

The S&P/TSX composite index was down 77.29 points at 15,635.02.

In New York, the Dow Jones industrial average was down 254.84 points at 25,135.46. The S&P 500 index was down 30.91 points at 2,700.70, while the Nasdaq composite was down 89.24 points at 7,286.04.

The Canadian dollar traded for 75.41 cents US compared with an average of 75.82 cents US on Wednesday.

The March crude contract down US$1.06 at US$52.95 per barrel and the March natural gas contract was down 7.5 cents at US$2.59 per mmBTU.

The April gold contract was down US$2.20 at US$1,312.20 an ounce and the March copper contract was up 0.10 of a cent at US$2.84 a pound.

 

Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD=X)

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