Resource stocks weigh on TSX, U.S. markets gain ground

The Canadian Press</span>
Published Tuesday, January 16, 2018 12:32AM EST
Last Updated Tuesday, January 16, 2018 11:55AM EST

TORONTO -- Canada's main stock index lost ground in late-morning trading as the key energy and materials sectors took a step back.

The S&P/TSX composite index was down 50.24 points to 16,321.57, after 90 minutes of trading.

In New York, the Dow Jones industrial average was up 136.31 points to 25,939.50 after trading above 26,000 for the first time earlier in the morning. The S&P 500 index was up 7.40 points to 2,793.64 and the Nasdaq composite index was up 34.91 points to 7,295.97.

The Canadian dollar was trading at 80.60 cents US, up from an average price of 80.50 cents US on Monday.

The February crude contract was down 20 cents to US$64.10 per barrel and the February natural gas contract was down 12 cents to US$3.08 per mmBTU.

The February gold contract was up 40 cents to US$1,335.30 an ounce and the March copper contract was down three cents to US$3.19 a pound.

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