S&P/TSX composite edges lower, telecom and utility stocks down
Written by The Canadian Press on January 9, 2025
TORONTO — Canada’s main stock index edged lower in late-morning trading, weighed down by losses in the telecommunication and utility stocks.
The S&P/TSX composite index was down 10.94 points at 25,040.74.
Stock markets in the U.S. are closed in observance of a national day of mourning for former president Jimmy Carter.
The Canadian dollar traded for 69.44 cents US compared with 69.49 cents US on Wednesday.
The February crude oil contract was up 80 cents at US$74.12 per barrel and the February natural gas contract was up 11 cents at US$3.76 per mmBTU.
The February gold contract was up US$17.50 at US$2,689.90 an ounce and the March copper contract was up five cents at US$4.30 a pound.
This report by The Canadian Press was first published Jan. 9, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUS
The Canadian Press