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

The TSX was down this morning due to a drop in the price of oil. Canadian Press

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.

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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.

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

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