Toronto stock index hovers near break-even; Loonie rises

The Canadian Press</span>
Published Friday, August 3, 2018 7:19AM EDT
Last Updated Friday, August 3, 2018 12:13PM EDT

TORONTO - Canada's main stock index hovered near break-even this morning, with strength in base metal miners offset by weakness in the energy sector.

The Toronto Stock Exchange's S&P/TSX composite index was down 1.26 points at 16,407.90 after 90 minutes of trading. The index had been down early Thursday as well but rallied later in the day to close up 32.39 points.

In New York, the Dow Jones industrial average was up 61.09 points at 25,387.25. The S&P 500 index was up 4.47 points at 2,831.69 and the Nasdaq composite index was down 12.76 points at 7,789.93.

The Canadian dollar was at 77.07 cents, up from Thursday's average of 76.84 cents US.

The September crude contract was down 26 cents at US$68.70 per barrel and the September natural gas contract was up 4.1 cents at US$2.86 per mmBTU.

The December gold contract was up $7.50 at $1,227.60 an ounce and the September copper contract was up nearly 3.2 cents at $2.77 a pound.

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