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S&P/TSX composite down as price of oil falls below US$70 a barrel, U.S. stocks higher

Canada’s main stock index was down slightly in late-morning trading as the price of oil fell below US$70 per barrel and losses in the energy helped lead the Toronto stock market lower.

The S&P/TSX composite index was down 18.45 points at 19,873.61.

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In New York, the Dow Jones industrial average was up 17.28 points at 33,894.06. The S&P 500 index was up 8.98 points at 4,307.84, while the Nasdaq composite was up 78.87 points at 13,338.01.

The July crude contract was down US$2.26 at US$67.91 per barrel and the July natural gas contract was down two cents at US$2.23 per mmBTU.

The August gold contract was down US$8.40 at US$1,968.80 an ounce and the July copper contract was down three cents at US$3.76 a pound.

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