North American stock indexes fall moderately, loonie slips

TORONTO -- The Toronto Stock Exchange was pulled lower in late-morning trading by weakness in energy and mining stocks as gold and crude prices declined.

The S&P/TSX composite index was down 25.46 points to 15,396.45, after 90 minutes of trading.

In New York, the Dow Jones industrial average lost 35.95 points to 21,044.33. The S&P 500 index shed 2.30 points to 2,413.52, and the Nasdaq composite index fell 2.27 points to 6,207.92.

The Canadian dollar was trading at 74.28 cents US, down from Monday's average price of 74.37 cents US.

The July crude contract was down 38 cents at US$49.42 per barrel and the July natural gas contract was down 15 cent at US$3.16 per mmBTU.

The June gold contract was down US$6.30 to US$1,265.10 an ounce and the July copper contract was unchanged at US$2.57 a pound.

On the TSX, Kinder Morgan Canada began its first day of trading on a negative note as political uncertainty swirled around its Trans Mountain pipeline expansion project.

Its shares opened below the $17 per share price set in the initial public offering and were at $16.25 by late morning.

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