Energy sector weighs on Toronto stock market as oil moves down, U.S. stocks fall

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TORONTO — Canada’s main stock index fell in late-morning trading as the energy sector was weighed down amid lower prices for oil and natural gas.

The S&P/TSX composite index was down 23.35 points at 15,342.70.

In New York, the Dow Jones industrial average was down 307.69 points at 24,429.51. The S&P 500 index was down 28.33 points at 2,636.43, while the Nasdaq composite was down 88.64 points at 7,076.22.

The Canadian dollar traded for 75.39 cents US compared with an average of 75.44 US on Friday.

The March crude contract was down US$1.82 at US$51.87 per barrel and the March natural gas contract was down 16.8 cents at US$2.90 per mmBTU.

The February gold contract was up US$3.40 at US$1,301.50 an ounce and the March copper contract was down 3.30 cents at US$2.70 a pound.

 

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

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