TSX closes lower, dragged down by energy, mining
TORONTO - The Toronto stock market closed lower Friday, dragged down by the energy and mining sectors, while the Canadian dollar inched marginally higher. The S&P/TSX composite index fell 79.13 points to close at 14,186.24. Meanwhile, the loonie, which has been flirting with its lowest level since 2004, rose 0.03 of a cent at 76.72 cents US. The September contract for crude oil fell 31 cents to US$48.14, while the August natural gas contract dropped four cents at US$2.776. The August gold contract fell US$8.60 at US$1,085.50. In New York, the Dow Jones industrial average lost 163.39 points at 17,568.53, while the Nasdaq dropped 57.78 points at 5,088.63 and the S&P 500 gave back 22.50 points at 2,079.65.