Energy sector weighs on Toronto stocks as oil moves lower, U.S. stocks down

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TORONTO — Canada’s main stock index fell in late-morning trading as the price of oil slipped back and the energy sector stepped lower.

The S&P/TSX composite index was down 26.49 points at 16,128.67.

In New York, the Dow Jones industrial average was down 123.75 points at 25,533.98. The S&P 500 index was down 17.24 points at 2,801.22, while the Nasdaq composite was down 65.41 points at 7,626.11.

The Canadian dollar traded for 74.50 cents US compared with an average of 74.70 cents US on Tuesday.

The May crude contract was down 14 cents at US$59.80 per barrel and the May natural gas contract was down 4.7 cents at US$2.70 per mmBTU.

The April gold contract was down US$5.80 at US$1,309.20 an ounce and the May copper contract was up 0.2 of a cent at US$2.86 a pound.

 

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