S&P/TSX composite down in late-morning trading, U.S. stock markets also lower

TORONTO –

Losses within the base metals sector helped lead Canada’s important inventory index decrease in late-morning buying and selling, regardless of good points in vitality shares as the worth of oil moved larger.

The S&P/TSX composite index was down 25.18 factors at 20,168.15.

In New York, the Dow Jones industrial common was down 75.48 factors at 32,969.61. The S&P 500 index was down 3.54 factors at 3,987.51, whereas the Nasdaq composite was down 26.34 factors at 11,480.73.

The Canadian greenback traded for 73.77 cents US in contrast with 73.84 cents US on Wednesday.

The April crude oil contract was up US$1.49 at US$75.44 per barrel and the April pure gasoline contract was up 9 cents at US$2.39 per mmBTU.

The April gold contract was down US$13.20 at US$1,828.30 an oz and the March copper contract was down 12 cents at US$4.07 a pound.

This report by The Canadian Press was first printed Feb. 23, 2023