Toronto stock mar­ket ends a volatile week down on lower oil prices

Cape Breton Post - - BUSINESS / COMMUNITY CALENDAR -

TORONTO — Canada’s main stock in­dex ended a pos­i­tive week on a down note as a fur­ther drop in the price of oil helped to pull the loonie to a more than four­month low.

The S&P/TSX com­pos­ite in­dex closed down 83.03 points at 15,274.44.

In New York, the Dow Jones in­dus­trial av­er­age lost 201.92 points to 25,989.30. The S&P 500 in­dex was down 25.82 points at 2,781.01, while the Nas­daq com­pos­ite fell by 123.98 points to 7,406.90.

The Cana­dian dol­lar traded at an av­er­age of 75.72 cents US com­pared with an av­er­age of 76.25 cents US on Thurs­day. The De­cem­ber crude con­tract was down 48 cents at US$60.19 per bar­rel and the De­cem­ber nat­u­ral gas con­tract was up 17.6 cents at US$3.72 per mmBTU. The De­cem­ber gold con­tract was down US$16.50 at US$1,208.60 an ounce and the De­cem­ber cop­per con­tract was down 5.15 cents at US$2.68 a pound.

The Cana­dian Press

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