Canada’s main stock index saw a decline in late-morning trading, attributed to losses in the financial sector. Meanwhile, U.S. stock markets displayed a mixed performance.
The S&P/TSX composite index experienced a decrease of 66.43 points, settling at 19,718.44.
In New York, the Dow Jones industrial average dropped by 105.89 points to reach 34,357.80, while the S&P 500 index increased slightly by 1.14 points to 4,400.91. The Nasdaq composite showed a more significant rise of 60.32 points, reaching 13,557.91.
The Canadian dollar traded at 73.80 cents US, slightly lower than Monday’s value of 73.84 cents US.
The October crude contract faced a decline of 27 cents, settling at US$79.85 per barrel. The September natural gas contract also experienced a decrease, dropping by five cents to reach US$2.59 per mmBTU.
The December gold contract experienced a slight increase of US$3.50, reaching US$1,926.50 per ounce. Similarly, the September copper contract showed growth, rising by four cents to US$3.75 per pound.
This report by The Canadian Press was first published on August 22, 2023.
© 2023 The Canadian Press
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