Base metal miners, utilities lead Toronto index in broad retreat

TORONTO - Canada's main stock index was down moderately this morning in a broad-based retreat led by base metal miners amid a falling copper price.

The Toronto Stock Exchange's S&P/TSX composite index was down 44.51 points at 16,389.50, after 90 minutes of trading. First Quantum Minerals and Canadian Utilities parent ATCO Ltd. were among the stocks to decline.

In New York, the Dow Jones industrial average was up 32.10 at 25,447.29. The S&P 500 index was up six points at 2,822.29 and the Nasdaq composite index was up 43.46 points at 7,715.25

The Canadian dollar was trading at 76.91 cents US, up from Tuesday's average value of 76.82 cents US.

The September crude contract was down 83 cents at US$67.93 per barrel and the September natural gas contract was down one cent at US$2.77 per mmBTU.

The December gold contract was down $7.50 at $1,226.10 an ounce and the September copper contract was down seven cents at $2.76 a pound.

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