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S&P/TSX composite down in early trading, U.S. stock markets also trade lower

TORONTO — Canada’s main stock index was down in early trading, weighed down by losses in the key financial, energy and industrial sectors.

The S&P/TSX composite index was down 74.69 points at 16,502.69.

In New York, the Dow Jones industrial average was down 108.25 points at 27,584.63. The S&P 500 index was down 8.84 points at 3,366.01, while the Nasdaq composite was down 0.92 of a point at 11,145.54.

The Canadian dollar traded for 75.56 cents US compared with 75.92 cents US on Wednesday.

The October crude contract was down US$1.13 at US$41.98 per barrel and the September natural gas contract was down a penny at US$2.41 per mmBTU.

The December gold contract was down US$33.40 at US$1,936.90 an ounce and the September copper contract was down nearly five cents at US$2.97 a pound.

This report by The Canadian Press was first published Aug. 20, 2020.

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

 

The Canadian Press

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