TSX sets another record high, as loonie falls after disappointing GDP report

TORONTO _ Canada’s main stock index continued its record-setting pace today, fuelled by energy gains, as the loonie fell.

The S&P/TSX composite index advanced 22.81 points to 16,025.59, the second consecutive trading day it’s closed at an all-time high.

The Canadian dollar was trading at an average price of 77.56 cents US, down 0.34 of a U.S. cent after a report that the Canadian economy contracted in August.

In New York, the Dow Jones industrial average added 28.50 points to 23,377.24. The S&P 500 index eked out 2.43 points to 2,575.26 and the Nasdaq composite index was up 28.71 points to 6,727.67.

In commodities, the December crude contract gained 23 cents to US$54.38 per barrel and the December natural gas contract gave back seven cents at US$2.90 per mmBTU.

The December gold contract was down US$7.20 to US$1,270.50 an ounce and the December copper contract dropped a penny to US$3.10 a pound.