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S&P/TSX composite down as gold falls, U.S. stock markets and loonie also lower

TORONTO — Canada’s main stock index was down in late-morning trading, weighed down by losses in the mining sector as the price of gold fell by more than US$30 an ounce.

The S&P/TSX composite index was down 39.73 points at 16,103.16.

In New York, the Dow Jones industrial average was down 29.45 points at 27,258.73. The S&P 500 index was down 11.83 points at 3,303.74, while the Nasdaq composite was down 70.53 points at 10,893.11.

The Canadian dollar traded for 74.89 cents US compared with 75.13 cents US on Tuesday.

The November crude contract was up 48 cents at US$40.28 per barrel and the November natural gas contract was up 19 cents at US$2.78 per mmBTU.

The December gold contract was down US$33.20 at US$1,874.40 an ounce and the December copper contract was down seven cents at US$2.99 a pound.

This report by The Canadian Press was first published Sept. 23, 2020.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press

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