Toronto stocks trade higher, loonie moves lower after Trump trade tirade

The Canadian Press</span>
Published Monday, June 11, 2018 7:54AM EDT
Last Updated Monday, June 11, 2018 11:29AM EDT

TORONTO - Canada's main stock index moved higher, helped by strength in the industrials and materials sectors, as the loonie took a hit amid U.S. President Donald Trump's trade complaints.

The S&P/TSX composite index was up 55.55 points to 16,258.24, after 90 minutes of trading.

In New York, the Dow Jones industrial average was down 8.76 points to 25,307.77. The S&P 500 index was up 2.74 points to 2,781.77 and the Nasdaq composite index was up 6.24 points to 7,651.75.

The Canadian dollar was trading at 76.90 cents US, down from Friday's average value of 77.15 cents US, after Trump continued his attacks on Canada and Prime Minister Justin Trudeau's criticism of his tariff threats.

The July crude contract was down two cents to US$65.72 per barrel and the July natural gas contract was up five cents to US$2.94 per mmBTU.

The August gold contract was up US$2.20 to US$1,304.90 an ounce and the July copper contract was down four cents to US$3.26 a pound.

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