Toronto stock market and loonie step back in late morning trading
- Tech leads as stocks edge higher after days of big moves
- Stocks tumble as weaker forecast sends oil prices lower
- Toronto Stock Exchange loses nearly 300 points, Canadian dollar drops
- PayPal expands its partnership with Mastercard
- Resource stocks lead Toronto stock market higher, loonie advances
- A weak start to September for US stock market
The Toronto Stock Exchange was down in late morning trading today as the financial and energy sectors pulled back.
The S&P/TSX composite index fell 70.91 points to 14,432.76.
The Canadian dollar dropped 0.30 of a cent to 75.69 cents US.
The declines came as the price of oil slipped.
The November crude oil contract lost 56 cents to US$43.96 per barrel, while the October natural gas contract fell 0.4 of a cent to US$2.923 per mmBtu.
The December gold contract was down US$3.70 to US$1,314.30 per ounce.
In New York, the Dow Jones industrial average fell 94.23 points to 18,118.25, while the broader S&P 500 index dropped 12.85 points to 2,134.41.
The Nasdaq composite slipped 21.61 points lower to 5,228.08.
- Editor:Albert | Source: The Canadian Press
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