Markets trade lower, Canadian dollar rises
Posted Dec 31, 2020 10:00:07 AM.
Last Updated Dec 31, 2020 10:02:07 AM.
TORONTO — Canada’s main stock index fell in early trading, despite gains in gold and the Canadian dollar, as some U.S. markets came off record highs.
The S&P/TSX composite index was down 64.73 points at 17,478.87.
In New York, the Dow Jones industrial average was down 62.51 points at 30,347.05, the S&P 500 index was down 2.22 points at 3,729.82, while the Nasdaq composite was down 6.24 points at 12,863.76.
The Canadian dollar traded for 78.62 cents US compared with 78.31 cents US on Wednesday.
The February crude contract was down 36 cents US at US$48.04 per barrel and the February natural gas contract was up 6.5 cents US at nearly US$2.49 per mmBTU.
The February gold contract was up US$7.70 at $1901.10 an ounce and the March copper contract was down about 2.3 cents US at nearly US$3.53 a pound.
This report by The Canadian Press was first published Dec. 31, 2020.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)
The Canadian Press
