Toronto stock market edges down, while U.S. stocks surge higher; loonie down

TORONTO _ Canada’s main stock index closed lower despite morning gains, while U.S. markets climbed on positive economic data.

The S&P/TSX composite index closed down 17.96 points at 16,043.54 as gold and energy stocks weighed on the index.

In New York, the Dow Jones industrial average closed up 219.37 points at 24,635.21. The S&P 500 index ended up 29.35 points at 2,734.62 and the Nasdaq composite index was up 112.21 points at 7,554.33.

The Canadian dollar averaged 77.14 cents US, down 0.09 of a US cent.

The July crude contract closed down US$1.23 at US$65.81 per barrel and the July natural gas contract ended up one cent at US$2.96 per mmBTU.

The August gold contract closed down US$5.40 at US$1,299.30 an ounce and the July copper contract was up three cents at US$3.10 a pound.