Fall­ing en­ergy prices weigh down TSX as Wall Street dips into the red

Cape Breton Post - - Business -

TORONTO — Weak­ness in oil and gas shares weighed on Canada’s largest stock in­dex to­day as the loonie nudged ahead.

The Toronto Stock Ex­changes’s S&P/ TSX com­pos­ite in­dex fell 58.20 points to 15,742.20, with the en­ergy sec­tor lead­ing de­clin­ers.

The Novem­ber crude con­tract was down 70 cents to US$50.60 per barrel.

In New York, the Dow Jones in­dus­trial av­er­age gave back 31.88 points to 22,841.01. The S&P 500 in­dex inched down 4.31 points to 2,550.93 and the Nas­daq com­pos­ite in­dex dropped 12.04 points to 6,591.51.

The Cana­dian dol­lar was trad­ing at an av­er­age price of 80.18 cents US, up 0.17 of a cent.

Else­where in com­modi­ties, the De­cem­ber gold con­tract ad­vanced $7.60 to US$1,296.50 an ounce, the Novem­ber nat­u­ral gas con­tract was up 10 cents at US$2.99 per mm BTU, and the De­cem­ber cop­per con­tract gained two cents at US$3.12 a pound.

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