Toronto Stock Ex­change sees ad­vances, New York mar­kets turn lower

Cape Breton Post - - BUSINESS EXTRA -

TORONTO — North Amer­i­can mar­kets were mixed Thurs­day, with the Toronto Stock Ex­change ad­vanc­ing while New York mar­kets turned lower. At mid-af­ter­noon, the S&P/TSX com­pos­ite in­dex was ahead 79.41 points at 14,632.74 as trad­ing re­sumed af­ter a one-day break for Canada Day. The Cana­dian dol­lar fell be­low the 80-cent US mark for the first time since early June, shed­ding 0.39 of a U.S. cent to 79.67 cents. The loonie con­tin­ued to drift lower in the wake of a Sta­tis­tics Canada re­port ear­lier in the week show­ing the econ­omy con­tracted for a fourth con­sec­u­tive month in April, which has raised re­ces­sion fears and led to spec­u­la­tion about a pos­si­ble rate cut by the Bank of Canada. On the com­mod­ity mar­kets, the Au­gust crude con­tract gained 22 cents to US$57.18 a bar­rel and the Au­gust gold con­tract dropped $5.40 to US$1,163.90 an ounce. In New York, mar­kets turned lower amid con­tin­ued wor­ries over the Greek debt cri­sis and a mixed re­port on the U.S. jobs mar­ket. The Dow Jones in­dus­trial av­er­age was down 56.19 points at 17,701.72, while the Nas­daq fell 16.31 points to 4,996.81 and the S&P 500 de­clined 4.98 points to 2,072.44. Amer­i­can mar­kets will be closed Fri­day in ad­vance of the July 4th In­de­pen­dence Day hol­i­day on Satur­day. Cana­dian mar­kets will be open.

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