Oil price falls, weighing down TSX in late-morning trading

Canada’s main stock index was down in late-morning trading as the price of oil fell and losses in energy stocks weighed on the market.

The S&P/TSX composite index was down 56.87 points at 18,964.05.

The Dow Jones industrial average in New York was up 5.08 points at 33,007.46. The S&P 500 index was up 8.61 points at 4,238.06, while the Nasdaq composite was up 93.36 points at 13,152.83.

Get weekly money news

Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.

Sign up for weekly money newsletter Sign Up

By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.

The Canadian dollar traded for 72.70 cents US compared with 72.93 cents US on Tuesday.

The November crude contract was down US$3.00 at US$86.23 per barrel and the November natural gas contract was up six cents at US$3.01 per MMBtu.

The December gold contract was down US$3.10 at US$1,838.40 an ounce and the December copper contract was down five cents at US$3.57 a pound.

This report by The Canadian Press was first published Oct. 4, 2023.