Energy weighs on Toronto stock market, loonie moves lower

TORONTO – Canada’s main stock index dipped into the red as its energy sector dragged down by the price of oil.

The S&P/TSX composite index fell 10.99 points to 16,133.80.

In New York, the Dow Jones industrial average gained 52.40 points to 24,886.81. The S&P 500 index advanced 8.85 points to 2,733.29 and the Nasdaq composite index rose 47.50 points to 7,425.96.

The Canadian dollar averaged 77.66 cents US, down 0.55 of a U.S. cent.

The July crude contract fell 36 cents to US$71.84 per barrel and the July natural gas contract rose about two cents to roughly US$2.96 per mmBTU.

The June gold contract shed US$2.40 to US$1,289.60 an ounce and the July copper contract retreated about six cents to US$3.07 a pound.