S&P/TSX composite down in late-morning trading even as Shopify shares rise

TORONTO –

Canada’s primary inventory index edged decrease in late-morning buying and selling as losses led by the monetary and industrial sectors outweighed energy in shares of Shopify Inc. after the e-commerce firm introduced it was slicing workers and promoting its logistics business.

The S&P/TSX composite index was down 2.41 factors at 20,352.27.

In New York, the Dow Jones industrial common was down 306.70 factors at 33,107.54. The S&P 500 index was down 25.53 factors at 4,065.22, whereas the Nasdaq composite was down 41.05 factors at 11,984.28.

The Canadian greenback traded for 73.63 cents US in contrast with 73.44 cents US on Wednesday.

The June crude contract was down 23 cents at US$68.37 per barrel and the June pure fuel contract was down seven cents at US$2.10 per mmBTU.

The June gold contract was up US$24.50 at US$2,061.50 an oz and the July copper contract was up lower than a penny at US$3.85 a pound.

This report by The Canadian Press was first printed May 4, 2023.