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Toronto stock market dips but Dow Jones closes above 27,000 for first time

Written by on July 11, 2019

TORONTO — Canada’s main stock index moved lower but the Dow Jones industrial average closed above 27,000 for the first time.

The S&P/TSX composite index closed down 35.39 points at 16,527.90, with CannTrust Holdings Inc. continuing a string of declines since it disclosed some production was done in unlicensed growing rooms.

In New York, the Dow Jones rose 227.88 points at 27,088.08. The S&P 500 index was up 6.84 points at 2,999.91, while the Nasdaq composite was down 6.49 points at 8,196.04.

The Canadian dollar traded at an average of 76.51 cents US, up compared with Wednesday’s average of 76.38 cents US.

The August crude contract was down 23 cents at US$60.20 per barrel and the August natural gas contract was down 2.8 cents at US$2.42 per mmBTU.

The August gold contract was down US$5.80 at US$1,406.70 an ounce and the September copper contract was down 0.65 of a cent at US$2.69 a pound.

 

Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press