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S&P/TSX composite ticks lower as telecom and utility stocks pull back, U.S. stocks up

The S&P TSX composite index screen at the TMX Market Centre in downtown Toronto is photographed on Friday, Nov. 11, 2022. THE CANADIAN PRESS/ Tijana Martin. GAC

TORONTO — Canada’s main stock index ticked lower Monday, weighed down by losses in telecom and utility stocks, while U.S. stock markets rose.

The S&P/TSX composite index was down 8.59 points at 19,822.45.

In New York, the Dow Jones industrial average was up 209.52 points at 33,944.40. The S&P 500 index was up 10.58 points at 4,409.53, while the Nasdaq composite was up 24.77 points at 13,685.48.

The Canadian dollar traded for 75.28 cents US compared with 75.23 cents US on Friday.

The August crude oil contract was down 87 cents at US$72.99 per barrel and the August natural gas contract was up nine cents at US$2.67 per mmBTU.

The August gold contract was down US$1.50 at US$1,931.00 an ounce and the September copper contract was up less than a penny at US$3.78 a pound.

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