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Markets: S&P/TSX composite down as oil falls

TORONTO –


Losses in the energy sector helped lead Canada’s main stock index lower in late-morning trading as the price of oil fell below US$100 a barrel, while U.S. stock markets were mixed.


The S&P/TSX composite index was down 28.30 points at 18,788.50.


In New York, the Dow Jones industrial average was up 124.59 points at 31,298.43. The S&P 500 index was up 5.48 points at 3,859.91, while the Nasdaq composite was down 6.48 points at 11,366.12.


The Canadian dollar traded for 76.91 cents US compared with 76.92 cents US on Tuesday.


The August crude contract was down US$7.70 at US$96.39 per barrel and the August natural gas contract was down 11 cents at US$6.31 per mmBTU.


The August gold contract was down US$1.70 at US$1,730.00 an ounce and the September copper contract was down 12 cents at US$3.32 a pound.


This report by The Canadian Press was first published July 12, 2022.

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