Toronto stocks lose ground, U.S. markets mixed, loonie gains ground

The Canadian Press</span>
Published Wednesday, December 20, 2017 12:10AM EST
Last Updated Wednesday, December 20, 2017 12:07PM EST

TORONTO - Canada's main stock index slipped into the red in late-morning trading as the telecommunications service index lost ground and U.S. markets were mixed.

The S&P/TSX composite index was down 15.67 points to 16,117.68, after 90 minutes of trading.

In New York, the Dow Jones industrial average was up 6.62 points to 24,761.37 after the Senate passed a bill that would cut corporate taxes, with the House expected to approve the measure later in the day. However, the S&P 500 index was down 0.63 of a point to 2,680.84 and the Nasdaq composite index was down 16.37 points to 6,947.48.

The Canadian dollar was trading at 77.79 cents US, up from an average price of 77.60 cents US on Tuesday.

The February crude contract was up eight cents to US$57.64 per barrel and the January natural gas contract down six cents to US$2.63 per mmBTU.

The February gold contract was up US$4.00 to US$1,268.20 an ounce and the March copper contract was up four cents to US$3.19 a pound.

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