S&P/TSX composite down in late-morning trading, U.S. stock markets also lower

TORONTO –

Canada’s main stock index was down in late-morning trading amid losses in the energy and financial sectors, while U.S. stock markets also moved lower.

The S&P/TSX composite index was down 66.34 points at 21,208.23.

In New York, the Dow Jones industrial average was down 69.65 points at 35,298.82. The S&P 500 index was down 13.74 points at 4,563.37, while the Nasdaq composite was down 92.14 points at 14,414.76.

The Canadian dollar traded for 79.91 cents US compared with 79.81 cents US on Tuesday.

The March crude oil contract was up US$1.41 at US$86.24 per barrel and the February natural gas contract was down 13 cents at US$4.16 per mmBTU.

The February gold contract was up US$27.40 at US$1,839.80 an ounce and the March copper contract was up nine cents at US$4.48 a pound.

This report by The Canadian Press was first published Jan. 19, 2022