Markets today: S&P/TSX composite lowers on energy, telecom

Toronto –

Canada’s major stock indices fell after Monday’s mixed trading due to a downturn in energy and telecoms, but the US market rose.

The S&P/TSX Composite Index fell 35.28 points to 20,226.79.

In New York, the Dow Jones Industrial Average rose 76.32 points to $34,585.35. The S&P 500 Index rose 17.37 points to 4,522.79 and the Nasdaq Composite Index rose 131.25 points to 14,244.95.

The Canadian dollar fell to 75.83 cents on Friday against the US dollar of 75.86 cents.

The September crude contract fell by US$1.24 to US$74.08 per barrel, while the August natural gas contract fell by US$3 to US$2.51 per mmBTU.

August gold fell US$8.00 to US$1,956.40 an ounce, while September copper dropped US$9 cents to US$3.84 an ounce.

This report by the Canadian Press Agency was first published on July 17, 2023.

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