North Amer­i­can in­dexes fall into the red

Cape Breton Post - - Business -

TORONTO — Canada’s main stock in­dex started off on a pos­i­tive note to­day but fell into the red later.

The Toronto Stock Ex­change’s S&P/TSX com­pos­ite in­dex was down 2.32 points to 15,627.15 af­ter 90 min­utes of trad­ing.

The energy sec­tor was a ma­jor fac­tor be­hind the de­cline, off­set­ting a siz­able gain in Air Canada stocks. On the TSX, Air Canada (TSX:AC) was up 5.2 per cent at $17 af­ter the fed­eral govern­ment in­tro­duced leg­is­la­tion that would al­low for­eign in­vestors to own up to 49 per cent of the coun­try’s air­lines. In New York, the Dow Jones in­dus­trial av­er­age lost 29.50 points to 20,952.44, the S&P 500 in­dex shed 4.54 points to 2,397.78 and the Nas­daq com­pos­ite in­dex was down 2.75 points to 6,146.92. The Cana­dian dol­lar was trad­ing at 73.46 cents US, stronger from Monday’s av­er­age price of 73.31 cents US.

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