In late-morning trading, Canada’s main stock index, the S&P/TSX composite index, was down 66.43 points at 19,718.44. The losses in the financial sector played a significant role in dragging down the index.
Meanwhile, U.S. stock markets showed mixed performance. The Dow Jones industrial average was down 105.89 points at 34,357.80, while the S&P 500 index was slightly up by 1.14 points at 4,400.91. The Nasdaq composite witnessed stronger performance, up 60.32 points at 13,557.91.
The Canadian dollar traded for 73.80 cents US, slightly lower than the previous day’s value of 73.84 cents US.
In the commodity market, the October crude contract was down 27 cents at US$79.85 per barrel. Additionally, the September natural gas contract witnessed a slight decline of five cents, settling at US$2.59 per mmBTU.
On the other hand, the December gold contract experienced a gain of US$3.50, reaching US$1,926.50 per ounce. Similarly, the September copper contract was up four cents at US$3.75 per pound.
It is important to note that this report was first published on August 22, 2023, by The Canadian Press.
Companies mentioned in this article include TSX:GSPTSE and TSX:CADUSD=X.
Sources:
– The Canadian Press