S&P/TSX Composite Index Declines in Tuesday Morning Trading, Following U.S. Market Trend

by

By Staff
The Canadian Press

Posted August 8, 2023 11:45 am

Canada’s primary stock market experienced a slight decline in late-morning trading, following a larger dip in US markets.

The S&P/TSX composite index dropped 125.19 points to 20,110.85, primarily due to decreases in metals and information technology stocks.

In New York, the Dow Jones industrial average fell by 402.14 points to 35,070.71. The S&P 500 index was down 51.34 points at 4,467.10, while the Nasdaq composite dropped 222.68 points to 13,774.91.

The Canadian dollar traded for 74.26 cents US compared with 74.88 cents US on Friday.

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The September crude oil contract fell by 78 cents to US$81.16 per barrel, while the September natural gas contract rose by four cents to US$2.77 per mmBTU.

The December gold contract dipped by US$9.10 to US$1,960.90 an ounce, and the September copper contract dropped eight cents to US$3.76 a pound.

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