North American stock markets down in early trading, price of oil falls

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TORONTO — The energy sector helped lead a broad-based decline on the Toronto Stock Exchange as Canada’s main stock index fell in early trading and U.S. stock markets also moved lower.

The S&P/TSX composite index was down 97.03 points at 18,531.26.

In New York, the Dow Jones industrial average was down 217.39 points at 32,202.67. The S&P 500 index was down 13.25 points at 3,875.89, while the Nasdaq composite was down 18.49 points at 12,943.40.

The Canadian dollar traded for 79.41 cents US compared with 79.61 cents US on Wednesday.

The May crude oil contract was down US$1.97 at US$59.21 per barrel and the May natural gas contract was up a penny at US$2.57 per mmBTU.

The April gold contract was up US$3.60 at US$1,736.80 an ounce and the May copper contract was down eight cents at US$3.98 a pound.

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