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09/16/2016

Toronto stock market and loonie step back in late morning trading

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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