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Energy and base metals push S&P/TSX lower in late-morning trading

Written by on June 22, 2022

TORONTO — Energy and base metals sectors led the way in pushing Canada’s main stock index down over 150 points in late-morning trading, while U.S. stock markets rallied.

The S&P/TSX composite index was down 178.51 points at 19,078.78.

In New York, the Dow Jones industrial average was up 31.71 points at 30,561.96. The S&P 500 index was up 10.49 points at 3,775.28, and the Nasdaq composite was up 70.27 points at 11,139.57.

The Canadian dollar traded for 77.26 cents US compared with 77.35 cents US on Tuesday.

The August crude oil contract was down US$4.24 at US$105.28 per barrel and the July natural gas contract was up two cents at US$6.83 per mmBTU.

The August gold contract was up US$3.50 at US$1,842.30 an ounce and the July copper contract was down 11 cents at US$3.93 a pound.

This report by The Canadian Press was first published June 22, 2022.

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

The Canadian Press