Canada’s primary stock index experienced a decline during late-morning trading due to the oil price remaining below US$70 per barrel. Additionally, losses in base metal and battery metal stocks have negatively impacted the Toronto market.
The S&P/TSX composite index is currently down 137.01 points at 19,443.89.
In New York, the Dow Jones industrial average has experienced a decline of 203.96 points, currently standing at 33,742.75. The S&P 500 index is down 31.57 points at 4,350.32, while the Nasdaq composite has dropped 143.93 points to 13,486.68.
The Canadian dollar is currently trading for 75.74 cents US compared to 75.99 cents US on Thursday.
The August crude oil contract has dropped by US$1.00 to US$68.52 per barrel, while the August natural gas contract is down five cents to US$2.66 per mmBTU.
The August gold contract, on the other hand, has increased by US$12.40 to US$1,936.10 per ounce, and the July copper contract has experienced a decline of nine cents, now standing at US$3.80 per pound.
© 2023 The Canadian Press
