S&P/TSX composite down as price of oil drops below US$70 per barrel

TORONTO –

Canada’s primary inventory index was decrease in late-morning buying and selling, weighed down by losses within the vitality shares as the value of oil fell under US$70 a barrel, whereas U.S. inventory markets have been blended.

The S&P/TSX composite index was down 11.58 factors at 20,395.98.

In New York, the Dow Jones industrial common was down 64.53 factors at 33,620.00. The S&P 500 index was down 1.19 factors at 4,118.39, whereas the Nasdaq composite was up 34.14 factors at 12,114.65.

The Canadian greenback traded for 73.43 cents US, unchanged from Tuesday.

The June crude contract was down US$2.60 at US$69.06 per barrel and the June pure fuel contract was down 9 cents at US$2.12 per mmBTU.

The June gold contract was up US$6.10 at US$2,029.40 an oz. and the July copper contract was down two cents at US$3.84 a pound.

This report by The Canadian Press was first revealed May 3, 2023