TORONTO — Weakness in the energy sector offset gains elsewhere to leave Canada’s main stock index essentially flat Wednesday, while U.S. markets were mixed.
The S&P/TSX composite index closed down 1.69 points at 23,040.76.
In New York, the Dow Jones industrial average was up 38.04 points at 40,974.97. The S&P 500 index was down 8.86 points at 5,520.07, while the Nasdaq composite was down 52 points at 17,084.30.
The Canadian dollar traded for 73.94 cents US compared with 73.81 cents US on Tuesday as the Bank of Canada made a widely expected quarter percentage point rate cut.
The October crude oil contract closed down US$1.14 at US$69.20 per barrel and the October natural gas contract was down five cents at US$2.15 per mmBTU.
The December gold contract was up US$3 at US$2,526 an ounce and the December copper contract was down a penny at US$4.08 a pound.
This report by The Canadian Press was first published Sept. 4, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press