Energy and materials sectors weigh on Toronto stock market, U.S. stocks fall

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TORONTO — Falling commodity prices weighed on the energy and materials sectors on the Toronto Stock Exchange as Canada’s main stock index fell in late-morning trading.

The S&P/TSX composite index was down 87.21 points at 16,415.54.

In New York, the Dow Jones industrial average was down 132.28 points at 26,297.86. The S&P 500 index was down 9.69 points at 2,914.04, while the Nasdaq composite was down 14.71 points at 8,034.93.

The Canadian dollar traded for 74.27 cents US compared with an average of 74.54 cents US on Wednesday.

The June crude contract was down US$2.29 at US$61.31 per barrel and the June natural gas contract was down 4.7 cents at US$2.57 per mmBTU.

The June gold contract was down US$13.90 at US$1,270.30 an ounce and the July copper contract was down 2.05 cents at US$2.78 a pound.

 

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

 

The Canadian Press