S&P/TSX Composite Index retreats as energy and base metals fall and U.S. stocks rise

The main Canadian stock index fell slightly late in the morning, weighed down by losses in the energy and base metals sectors, while US stock markets rose earlier in the week.

The S&P/TSX Composite Index lost 4.34 points to 20,577.24.

In New York, the Dow Jones industrial average rose 123.85 points to 33,514.82. The S&P 500 index rose 28.69 points to 4,074.33, while the Nasdaq composite rose 126.58 points to 11,815.59.

The Canadian dollar was trading at 73.45 cents US against 73.48 cents US on Friday.

The April crude contract was down 23 cents at US$79.45 a barrel and the April natural gas contract was down 43 cents at US$2.58 a mmBTU.

The story continues under the ad

The April gold contract was up US$1.80 at US$1,856.40 an ounce and the May copper contract was up less than a penny at US$4.07 per pound.

#SPTSX #Composite #Index #retreats #energy #base #metals #fall #U.S #stocks #rise