Stocks, loonie down

Canada’s main stock index edged lower in late-morning trading, weighed down by losses in the industrials sector and energy stocks.

The S&P/TSX composite index was down 5.77 points at 16,496.65.

In New York, the Dow Jones industrial average was down 41.35 points at 27,294.28. The S&P 500 index was down 7.72 points at 2,996.32, while the Nasdaq composite was down 11.95 points at 8,210.85.

The Canadian dollar traded for 76.60 cents US compared with an average of 76.62 cents US on Tuesday.

The August crude contract was down 36 cents at US$57.26 per barrel and the August natural gas contract was up 1.8 cents at US$2.32 per mmBTU.

The August gold contract was up US$10.50 at US$1,421.70 an ounce and the September copper contract was down 0.55 of a cent at US$2.69 a pound.

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