North American stock markets move lower in late-morning trading; Loonie down

TORONTO — Canada’s main stock index fell in late-morning trading, weighed down by losses in the materials sector, while U.S. markets moved lower.

The S&P/TSX composite index was down 16.26 points at 14,922.92.

In New York, the Dow Jones industrial average was down 120.17 points at 23,875.78. The S&P 500 index was down 13.61 points at 2,582.65, while the Nasdaq composite was down 53.01 points at 6,918.47.

The Canadian dollar traded for 75.38 cents US compared with an average of 75.42 cents US on Friday.

The February crude contract was down 18 cents at US$51.41 per barrel and the February natural gas contract was up 37.7 cents at US$3.48 per mmBTU.

The February gold contract was up US$1.10 at US$1,290.60 an ounce and the March copper contract was down 3.40 cents at US$2.63 a pound.

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

The Canadian Press

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