Toronto stock in­dex down mod­er­ately

Cape Breton Post - - Business -

TORONTO - Canada’s main stock mar­ket has started the day mod­er­ately lower amid tur­moil sur­round­ing Don­ald Trump’s pres­i­dency.

In the first min­utes of trad­ing, the S&P/TSX com­pos­ite was down 67.02 points at 15,206.66. That fol­lows its big­gest one-day de­cline of the year on Wed­nes­day, when it fell 269.65 points, down 1.73 per cent.

The ma­jor U.S. in­dexes also fell dra­mat­i­cally on Wed­nes­day amid con­cerns about Trump’s abil­ity to im­ple­ment his pro-busi­ness poli­cies such as low­er­ing cor­po­rate taxes. Shortly af­ter the open to­day, there was a more muted re­sponse in New York, with the Dow Jones in­dus­trial av­er­age down 15.14 points at 20,591.79, the broader S&P 500 in­dex up 1.34 points at 2,358.37 and the Nas­daq com­pos­ite ad­vanc­ing 17.92 points at 6,029.15. Canada’s loonie was at 73.44 cents US, barely weaker than Wed­nes­day’s av­er­age price of 73.45 cents US.

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