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Toronto stock market falls as Canadian dollar hits nine-month high

Written by on July 12, 2019

TORONTO — While U.S. markets set record highs, Canada’s main stock index ended the week lower and the loonie hit a nine-month high.

The S&P/TSX composite index closed down 39.78 points to 16,488.12.

In New York, the Dow Jones industrial average was up 243.95 points at 27,332.03. The S&P 500 index was up 13.86 points at 3,013.77, while the Nasdaq composite was up 48.10 points at 8,244.14.

The Canadian dollar traded for an average of 76.70 cents US compared with an average of 76.51 cents US on Thursday.

The August crude contract was up one cent at US$60.21 per barrel and the August natural gas contract was up 3.7 cents at US$2.45 per mmBTU.

The August gold contract was up US$5.50 at US$1,412.20 an ounce and the September copper contract was up 0.7 of cent at US$2.69 a pound.

 

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

 

The Canadian Press