The markets today
Canada’s main stock index ended a positive week by closing lower Friday as the energy sector sank on a further drop in
the price of oil which drove the loonie to a more than four-month low.
The S&P/TSX composite index closed down 83.03 points at 15,274.44. but up from 15,150.15 a week ago.
The December crude contract was down 48 cents at US$60.19 per barrel to the lowest level since February.
The cannabis-heavy health-care sector led on the downside, followed by technology, consumer discretionary, energy and materials.
Utilities gained the most and industrials rose on a partial rebound by Bombardier Inc.
In New York, the Dow Jones industrial average closed the week down 201.92 points to 25,989.30. The decrease was more than offset by three days of tripledigit gains, including a 545-point increase Wednesday in the wake of the U.S. midterm elections.
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 lower at 75.72 cents US compared with an average of 76.25 cents US on Thursday.
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.