S&P/TSX composite edges lower as price of oil falls, U.S. stock markets also down

TORONTO –

Canada’s major inventory index edged decrease in late-morning buying and selling, as the worth of oil fell and losses within the power sector weighed on the Toronto market, whereas U.S. inventory markets additionally moved decrease.

The S&P/TSX composite index was down 22.96 factors at 19,967.21.

In New York, the Dow Jones industrial common was down 27.19 factors at 33,569.15. The S&P 500 index was down 8.21 factors at 3,933.05, whereas the Nasdaq composite was down 63.75 factors at 10,951.14.

The Canadian greenback traded for 73.34 cents US in contrast with 73.27 cents US on Tuesday.

The January crude oil contract was down US$1.47 at US$72.78 per barrel and the January pure fuel contract was up three cents at US$5.50 per mmBTU.

The February gold contract was up US$8.40 at US$1,790.80 an oz and the March copper contract was up two cents at US$3.83 a pound.

This report by The Canadian Press was first revealed Dec. 7, 2022.