Lower oil prices weigh on the Toronto stock market, U.S. indexes remain flat
TORONTO — The Toronto stock market fell as oil prices tracked lower, while Wall Street held steady.
The S&P/TSX composite index lost 48.17 points to 15,442.32, with a notable gain in the gold sector not enough to offset losses in most other sectors.
In New York, the Dow Jones industrial average declined 8.76 points to 20,905.86 and the broader S&P 500 dipped 4.78 points to 2,373.47. The tech-heavy Nasdaq composite index was barely changed, gaining 0.53 of a point to 5,901.53.
The Canadian dollar was trading at 74.88 cents US, down 0.10 of a U.S. cent amid weaker crude prices.
The April oil contract lost 56 cents at US$48.22 a barrel, while the more heavily traded May contract fell 40 cents at $48.91 a barrel.
Other commodities were mixed with April natural gas contracts rising nine cents at US$3.04 per mmBTU, April gold up US$3.80 at US$1,234 an ounce and May copper falling two cents to US$2.67 a pound.
The Canadian Press
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