Toronto stock index down on tumbling oil prices, as the loonie remains unchanged

TORONTO _ Tumbling oil prices saw the commodity-heavy Toronto stock index give up some of the week’s gains ahead of the holiday weekend.

The S&P/TSX composite index dropped 47.98 points to 15,728.32, as the November crude contract fell $1.50 to $49.29 per barrel.

In New York, the Dow Jones industrial average nudged down 1.72 points to 22,773.67. The S&P 500 index gave back 2.74 points to 2,545.49 and the Nasdaq composite index was up 4.82 points to 6,590.18.

The Canadian dollar was unchanged, trading at an average price of 79.69 US.

Elsewhere in commodities, the November natural gas contract was down six cents at US$2.86 per mmBTU, the December gold contract was up $1.70 to US$1,274.90 an ounce, and the December copper contract dropped two cents to US$3.03 a pound.

The TSX will be closed Mon., Oct. 9 for the Thanksgiving holiday. U.S. markets will remain open.