S&P/TSX composite down as energy sector posts losses, U.S. stock markets mixed

Canada’s main stock index slid in late-morning trading, dragged down by losses in the energy and base metal sectors, while U.S. stock markets were mixed.

The S&P/TSX composite index was down 185.64 points at 20,872.54.

In New York, the Dow Jones industrial average was up 86.65 points at 34,802.04. The S&P 500 index edged down 1.53 points at 4,481.20, while the Nasdaq composite was down 29.44 points at 14,124.58.

The Canadian dollar traded for 79.80 cents US compared with 80.17 cents US on Thursday.

The March crude contract was down 57 cents at US$84.98 per barrel and the February natural gas contract was up 10 cents at US$3.90 per mmBTU.

The February gold contract was down US$7 at US$1,835.60 an ounce and the March copper contract slid three cents to US$4.56 a pound.

This report by The Canadian Press was first published Jan. 21, 2022.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)