Toronto stock in­dex de­clines mod­er­ately, led by fi­nan­cial sec­tor, loonie weaker

Cape Breton Post - - Business -

TORONTO — North Amer­i­can stock in­dexes are down mod­er­ately to­day.

The Toronto Stock Ex­change’s S&P/TSX com­pos­ite in­dex was down 31.59 points to 15,518.96 af­ter 90 min­utes of trad­ing. Many of Canada’s largest com­pa­nies con­trib­uted to the de­cline, in­clud­ing Man­ulife Fi­nan­cial, Sun Life Fi­nan­cial and the ma­jor banks.

In New York, the Dow Jones in­dus­trial av­er­age lost 41.56 points to 20,877.86, the S&P 500 in­dex shed 6.29 points to 2,388.15 and the Nas­daq com­pos­ite in­dex was down 6.78 points to 6,109.18. The Cana­dian dol­lar was trad­ing at 72.81 cents US, weaker than Thurs­day’s av­er­age of $72.96 cents US. The June crude con­tract was down 36 cents at US$47.47 per bar­rel and the June nat­u­ral gas con­tract was up two cents at US$3.40 per mmBTU.

The June gold con­tract was up $6.20 at US$1,230.40 an ounce and the July cop­per con­tract was up one cent at US$2.52 a pound.

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