S&P/TSX composite posts triple-digit decline in late-morning trading


TORONTO — The materials sector led a broad-based decline in Canada’s main stock index in late-morning trading, while U.S. stock markets moved higher.

The S&P/TSX composite index was down 122.12 points at 16,484.64.

In New York, the Dow Jones industrial average was up 70.93 points at 27,810.66. The S&P 500 index was up 0.80 of a point at 3,386.31, while the Nasdaq composite was up 23.42 points at 11,288.37.

The Canadian dollar traded for 75.78 cents US compared with 75.79 cents US on Thursday.

The October crude contract was down 86 cents at US$41.96 per barrel and the September natural gas contract was up nearly two cents at US$2.37 per mmBTU.

The December gold contract was up US$1.70 at US$1,948.20 an ounce and the September copper contract was down a nickel at US$2.92 a pound.

This report by The Canadian Press was first published Aug. 21, 2020.

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


The Canadian Press